https://www.taxtmi.com/circulars?id=7366 Companies may infuse additional foreign equity as part of financial restructuring without prior FIPB/Government approval provided there is no change in the approved percentage of non resident shareholding; the company must notify the Secretariat of Industrial Assistance within thirty days of receipt of funds and allotment of shares. Cases involving an increase in the percentage of foreign equity or initial approvals granted by the designated clearance authority remain subject to prior FIPB/Government approval. en-us Thu, 01 Apr 1999 00:00:00 +0530 Fri, 04 Sep 2009 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7366 Companies may infuse additional foreign equity as part of financial restructuring without prior FIPB/Government approval provided there is no change in the approved percentage of non resident shareholding; the company must notify the Secretariat of Industrial Assistance within thirty days of receipt of funds and allotment of shares. Cases involving an increase in the percentage of foreign equity or initial approvals granted by the designated clearance authority remain subject to prior FIPB/Government approval. Circulars FEMA Thu, 01 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7366