https://www.taxtmi.com/circulars?id=11845 The Reserve Bank clarified that when non residents, including NRIs, subscribe to an Indian company's Memorandum of Association in compliance with the Companies Act, such investment may be made at face value, provided the investor is eligible under the FDI scheme; AD Category I banks are to inform their constituents of this pricing clarification, subject to other statutory permissions or approvals. en-us Wed, 26 Sep 2012 00:00:00 +0530 Wed, 26 Sep 2012 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11845 The Reserve Bank clarified that when non residents, including NRIs, subscribe to an Indian company's Memorandum of Association in compliance with the Companies Act, such investment may be made at face value, provided the investor is eligible under the FDI scheme; AD Category I banks are to inform their constituents of this pricing clarification, subject to other statutory permissions or approvals. Circulars FEMA Wed, 26 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11845