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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>India Eases Rules: Issue Shares for Import Payables via Fees, Royalties, ECBs in Convertible Currency.</h1> The Government of India has liberalized the policy on the capitalization of import payables. Previously, Indian companies could issue shares to non-residents only through inward remittance of convertible foreign exchange or debit to specific bank accounts. The new policy allows the issuance of equity shares against lump sum fees, royalties, and External Commercial Borrowings (ECBs) in convertible foreign currency that are already due for payment, provided all applicable tax liabilities and procedures are met. This change is part of the broader liberalization efforts to facilitate foreign direct investment.
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