Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route

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..... Government route Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to the A.P. (DIR Series) Circular No. 74 dated June 30, 2011, allowing thereby issue of equity shares/ preference shares under the Government route by conversion of import of capital goods, / machineries / equipments (including second-hand machineries) and pre-operative / pre-incorporation expenses (i .....

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..... the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Rashmi Fauzdar) Chief General Manager Annex [A. P. (DIR Series) Circular No. 55 Dated December 09, 2011] c.f. A.P.(DIR Series) Circular No. 74 dated June 30, 2011 Earlier condition Revised condition Para 3 (I) (d) All such .....

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