TMI BlogForeign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) (Second Amendment) Scheme, 2005 - Amendments in paragraph 5 and insertion of paragraph 3(1)(Ba)X X X X Extracts X X X X X X X X Extracts X X X X ..... d the Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 , namely:- 1. This Scheme may be called the issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) (Second Amendment) Scheme, 2005. 2. The Scheme shall be deemed to have come into force from the date of publication of Notification. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (s) has been obtained; or (c) That the payment of listing fees is made; or (d) Approval of the Reserve Bank of India under Foreign Exchange Management Act, 1999 , where applicable, for meeting issue related expenses has been obtained. It is clarified that private placements of issues, where no offering circular was placed before the overseas exchange(s), would not qualify ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (d) Approval of the Reserve Bank of India under Foreign Exchange Management Act, 1999 , where applicable, for meeting issue related expenses has been obtained. It is clarified that private placements of issues, where no offering circular was placed before the overseas exchange(s), would not qualify for effective steps. 5. After paragraph 5, sub-paragraph (4)(e)(i), the follow ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reign Exchange Management Act, 1999 , where applicable, for meeting issue related expenses has been obtained. It is clarified that private placements of issues, where no offering circular was placed before the overseas exchange(s), would not qualify for effective steps. - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMIT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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