https://www.taxtmi.com/circulars?id=7365 Where dividend balancing was not imposed initially, subsequent foreign equity infusion triggers the balancing requirement only for the incremental foreign equity; this limitation also applies to secondary market acquisitions and preferential allotment/transfers to the extent they represent incremental foreign equity, provided the activity attracts the balancing condition. The applicable date is the commencement of commercial production for new ventures and the date of allotment of shares for existing ventures. en-us Thu, 01 Apr 1999 00:00:00 +0530 Fri, 04 Sep 2009 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7365 Where dividend balancing was not imposed initially, subsequent foreign equity infusion triggers the balancing requirement only for the incremental foreign equity; this limitation also applies to secondary market acquisitions and preferential allotment/transfers to the extent they represent incremental foreign equity, provided the activity attracts the balancing condition. The applicable date is the commencement of commercial production for new ventures and the date of allotment of shares for existing ventures. Circulars FEMA Thu, 01 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7365