Tuesday, 15 January 2013

Issue of equity shares under FDI regime -

RBI has vide its notification click here revised the conditions for issue of equity shares under the FDI scheme in government approval route against import of capital goods/ machineries against a proper valuation to exclude the second hand capital goods/ machineries. While earlier circular click here specifically allowed issue of shares even against import of second hand machineries the new notification expressly prohibits it.
 

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