https://www.taxtmi.com/circulars?id=4173 Issue of equity shares is permitted against all External Commercial Borrowings received in convertible foreign currency, excluding instruments treated as deemed ECBs, provided that all applicable tax liabilities are met and prescribed procedures are complied with prior to issuance. en-us Fri, 28 Nov 2003 00:00:00 +0530 Tue, 30 Sep 2008 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4173 Issue of equity shares is permitted against all External Commercial Borrowings received in convertible foreign currency, excluding instruments treated as deemed ECBs, provided that all applicable tax liabilities are met and prescribed procedures are complied with prior to issuance. Circulars FEMA Fri, 28 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4173