TMI BlogAmendment of the existing policy on issue of shares by unlisted Indian Companies under FCCB/ADR/GDR, pursuant to the Foreign Currency Convertible Bonds and Ordinary shares (Through Depository Receipt Mechanism) (Amendment) Scheme, 2013.X X X X Extracts X X X X X X X X Extracts X X X X ..... of Industrial Policy Promotion Press Note No. 7 (2013 Series) Subject:- Amendment of the existing policy on issue of shares by unlisted Indian Companies under FCCB/ADR/GDR, pursuant to the Foreign Currency Convertible Bonds and Ordinary shares (Through Depository Receipt Mechanism) (Amendment) Scheme, 2013. 1.0 Present Position: 1.1 Paragraph 3.3.4 (iii) of the Consolidat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... India. Pending repatriation or utilization of the proceeds, the Indian company can invest the funds in:- (a) Deposits, Certificate of Deposits or other instruments offered by banks rated by Standard and Poor, Fitch, IBCA, Moody s etc. with rating not below the rating stipulated by Reserve Bank from time to time for the purpose; (b) Deposits with branch/es of Indian Authorized Dealers outside I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall list abroad only on exchanges in IOSCO/FATF compliant jurisdictions or those jurisdictions with which SEBI has signed bilateral agreements; (b) The Companies shall file a copy of the return which they submit to the proposed exchange/regulators also to SEBI for the purpose of Prevention of Money Laundering Act (PMLA). They shall comply with SEBI s disclosure requirements in addition to that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fficer, Press Information Bureau for giving necessary publicity. 2. NIC in the Department of Industrial Policy and Promotion for uploading the Press Note on DIPP s website. 3. Hindu Division, DIPP for providing Hindi version. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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