https://www.taxtmi.com/circulars?id=4172 Policy now allows issue of equity shares to non residents against lumpsum fees, royalties and External Commercial Borrowings in convertible foreign currency already due for payment or repayment, subject to meeting all applicable tax liabilities and required procedures; previously issue was permitted only against inward remittance in convertible foreign exchange or debit to NRE/FCNR accounts. en-us Wed, 09 Jul 2003 00:00:00 +0530 Tue, 30 Sep 2008 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4172 Policy now allows issue of equity shares to non residents against lumpsum fees, royalties and External Commercial Borrowings in convertible foreign currency already due for payment or repayment, subject to meeting all applicable tax liabilities and required procedures; previously issue was permitted only against inward remittance in convertible foreign exchange or debit to NRE/FCNR accounts. Circulars FEMA Wed, 09 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4172