Issuance of rupee bonds to overseas investors by Indian companies Clarification regarding applicability of provisions of Chapter III of the Companies Act, 2013

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..... ad, New Delhi Dated: 03.08.2016 To All Regional Directors, All Registrars of Companies. Subject: Issuance of rupee bonds to overseas investors by Indian companies Clarification regarding applicability of provisions of Chapter III of the Companies Act, 2013. Sir, The Ministry has received references from stakeholders seeking clarity on applicability of provisions of Chapt .....

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..... s made exclusively to persons resident outside India in accordance with applicable sectoral regulatory provisions as stated above. Necessary changes in Companies (Share Capital and Debenture) Rules. 2014 in this regard are being made. 3. This issues with the approval of the competent authority. Yours faithfully, (K.M.S. Narayanan) Assistant Director (Policy) - Circular - Tr .....

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