TMI BlogForeign Direct Investment (FDI) in India - Issue of equity shares under the FDI Scheme allowed under the Government routeX X X X Extracts X X X X X X X X Extracts X X X X ..... r, Subject:- Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI Scheme allowed under the Government route Attention of Authorised Dealers Category I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified vide Notification No. FEMA 20/2000-RB dated M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ions: (I) Import of capital goods/ machineries / equipments (including second-hand machineries), subject to compliance with the following conditions: (a) The import of capital goods, machineries, etc., made by a resident in India, is in accordance with the Export / Import Policy issued by the Government of India as notified by the Directorate General of Foreign Trade (DGFT) and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... goods. (II) Pre-operative/pre-incorporation expenses (including payments of rent, etc.) subject to compliance with the following conditions: (a) Submission of FIRC for remittance of funds by the overseas promoters for the expenditure incurred; (b) Verification and certification of the pre-incorporation/ pre-operative expenses by the statutory auditor; (c) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Industrial Policy Promotion, Ministry of Commerce Industry, Government of India. 6. AD Category I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 7. Necessary amendments to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA 20/2 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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