TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Amends Rules: Non-Resident Shareholders Can Now Subscribe Beyond Rights Entitlement, Aligned with Residents. Notification No.FEMA.76/2002-RB.</h1> The Reserve Bank of India (RBI) has amended regulations to allow non-resident shareholders, including NRIs and OCBs, to subscribe to additional equity or preference shares or convertible debentures beyond their rights entitlement, aligning them with resident shareholders. This amendment, detailed in Notification No.FEMA.76/2002-RB, ensures that the total share issuance to non-residents does not surpass the sectoral cap. All other conditions from the original FEMA notification remain unchanged. Authorized dealers are instructed to inform relevant parties of these changes, issued under the Foreign Exchange Management Act, 1999.
TaxTMI 
TaxTMI 
