Para 3B - Indian companies engaged in Information Technology Software - Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme, 1993

[3B. Indian companies engaged in Information Technology Software and Information Technology Services as defined in recommendation No. 19(a) and (b) of the Notification dated 25-7-1998 issued by the Planning Commission, are eligible to offer also to the non-resident/resident permanent employees (including Indian and overseas working directors) of their subsidiary companies, incorporated in India or abroad and engaged in Information Technology Software and Information Technology Services, Global Depositary Receipts against the issue of ordinary shares under the Scheme subject to the eligibility conditions and operational guidelines/conditionalities announced from time to time by the Government.]