FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF ANY FOREIGN SECURITY) REGULATIONS, 2000Foreign Exchange Management (Transfer Or Issue of Any Foreign Security) Regulations, 2000
FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF ANY FOREIGN SECURITY) REGULATIONS, 2000Foreign Exchange Management (Transfer Or Issue of Any Foreign Security) Regulations, 2000
Acceptance of equity in lieu of professional fees permitted with central bank permission and company-specific limits. A proprietary concern in India may apply to the Reserve Bank for general permission to accept shares of a company outside India in lieu of fees for ... Summary
Acceptance of equity in lieu of professional fees permitted with central bank permission and company-specific limits.
A proprietary concern in India may apply to the Reserve Bank for general permission to accept shares of a company outside India in lieu of fees for professional services, for a specified period. Acceptance is subject to two conditions: a limit on the value of shares accepted from any one foreign company relative to fees receivable, and a cap on the concern's resultant shareholding in any one foreign company measured against its paid-up capital.
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