Partly paid shares and warrants allowed as eligible capital instruments under FDI policy; issuance subject to RBI terms. The FDI policy now treats capital as including equity shares (which may be partly paid), fully, compulsorily and mandatorily convertible preference shares and debentures, and warrants; preference shares and convertible debentures must be fully paid and mandatorily convertible, and 'warrant' includes share warrants. An Indian company may issue warrants and partly paid shares to non residents subject to terms and conditions prescribed by the Reserve Bank of India.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Partly paid shares and warrants allowed as eligible capital instruments under FDI policy; issuance subject to RBI terms.
The FDI policy now treats capital as including equity shares (which may be partly paid), fully, compulsorily and mandatorily convertible preference shares and debentures, and warrants; preference shares and convertible debentures must be fully paid and mandatorily convertible, and 'warrant' includes share warrants. An Indian company may issue warrants and partly paid shares to non residents subject to terms and conditions prescribed by the Reserve Bank of India.
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