https://www.taxtmi.com/circulars?id=2100 Persons resident outside India, including Sri Lankan citizens but excluding citizens/entities of Bangladesh and Pakistan, are now eligible to purchase shares or convertible debentures of Indian companies under the Foreign Direct Investment scheme subject to the terms and conditions in Schedule I of the Transfer or Issue of Security by a Person Resident Outside India Regulations; a formal amendment to the Regulations will follow and Authorised Dealer banks must notify their constituents. en-us Mon, 13 Sep 2004 00:00:00 +0530 Sat, 04 Oct 2008 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2100 Persons resident outside India, including Sri Lankan citizens but excluding citizens/entities of Bangladesh and Pakistan, are now eligible to purchase shares or convertible debentures of Indian companies under the Foreign Direct Investment scheme subject to the terms and conditions in Schedule I of the Transfer or Issue of Security by a Person Resident Outside India Regulations; a formal amendment to the Regulations will follow and Authorised Dealer banks must notify their constituents. Circulars FEMA Mon, 13 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2100