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>Chapter III of Companies Act, 2013, and Rule 18 don't apply to rupee bonds issued abroad; RBI regulates.</h1> The Ministry of Corporate Affairs clarifies that the provisions of Chapter III of the Companies Act, 2013, and Rule 18 of the Companies (Share Capital and Debenture) Rules, 2014, do not apply to the issuance of rupee-denominated bonds by Indian companies to overseas investors. This issuance is regulated by the Reserve Bank of India under the External Commercial Borrowing (ECB) Policy framework. Necessary amendments to the Companies (Share Capital and Debenture) Rules, 2014, are being implemented to reflect this clarification. This decision has been made following consultations with the Reserve Bank of India and has received the necessary approvals.
TaxTMI 
TaxTMI 
