https://www.taxtmi.com/acts?id=2416 A proprietary concern in India may apply to the Reserve Bank for general permission to accept shares of a company outside India in lieu of fees for professional services, for a specified period. Acceptance is subject to two conditions: a limit on the value of shares accepted from any one foreign company relative to fees receivable, and a cap on the concern's resultant shareholding in any one foreign company measured against its paid-up capital. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 13:23:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2416 A proprietary concern in India may apply to the Reserve Bank for general permission to accept shares of a company outside India in lieu of fees for professional services, for a specified period. Acceptance is subject to two conditions: a limit on the value of shares accepted from any one foreign company relative to fees receivable, and a cap on the concern's resultant shareholding in any one foreign company measured against its paid-up capital. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2416