https://www.taxtmi.com/notifications?id=22790 The amendment requires that rights offers to persons resident outside India be priced: for listed company shares, at a price determined by the company; for unlisted company shares, at no less than the price offered to resident shareholders. Schedule I now mandates minimum issue prices for non-residents: (a) per applicable SEBI guidelines for listed shares; (b) fair valuation by a SEBI-registered Category I Merchant Banker or a Chartered Accountant using the discounted free cash flow method for unlisted shares; and (c) pricing for preferential allotment as per Reserve Bank guidelines for resident-to-non-resident transfers. en-us Wed, 07 Apr 2010 00:00:00 +0530 Fri, 23 Apr 2010 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=22790 The amendment requires that rights offers to persons resident outside India be priced: for listed company shares, at a price determined by the company; for unlisted company shares, at no less than the price offered to resident shareholders. Schedule I now mandates minimum issue prices for non-residents: (a) per applicable SEBI guidelines for listed shares; (b) fair valuation by a SEBI-registered Category I Merchant Banker or a Chartered Accountant using the discounted free cash flow method for unlisted shares; and (c) pricing for preferential allotment as per Reserve Bank guidelines for resident-to-non-resident transfers. Notifications FEMA Wed, 07 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/notifications?id=22790