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FDI payment via investor bank account allowed, enabling equity issuance under government route against pre operational expenses. FDI under the Government route may fund equity or preference shares against pre operative/pre incorporation expenses. Condition (c) is amended to allow payments by the foreign investor either directly to the company or through a bank account opened by the foreign investor as provided under FEMA Regulations; other conditions remain unchanged.
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Provisions expressly mentioned in the judgment/order text.
FDI payment via investor bank account allowed, enabling equity issuance under government route against pre operational expenses.
FDI under the Government route may fund equity or preference shares against pre operative/pre incorporation expenses. Condition (c) is amended to allow payments by the foreign investor either directly to the company or through a bank account opened by the foreign investor as provided under FEMA Regulations; other conditions remain unchanged.
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