https://www.taxtmi.com/notifications?id=25205 The amendment permits companies classified as Micro and Small Enterprises under the MSMED Act, 2006 (including specified export or technology park units) that are not engaged in activities listed in Annex A to issue shares or convertible debentures to persons resident outside India subject to Entry Routes, Annex B limits, and the Foreign Direct Investment Policy; it also allows industrial undertakings licensed for items reserved for MSE manufacture to issue shares to non residents up to 24% of paid up capital, with any excess requiring prior government approval. en-us Tue, 29 May 2012 00:00:00 +0530 Wed, 08 Apr 2015 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=25205 The amendment permits companies classified as Micro and Small Enterprises under the MSMED Act, 2006 (including specified export or technology park units) that are not engaged in activities listed in Annex A to issue shares or convertible debentures to persons resident outside India subject to Entry Routes, Annex B limits, and the Foreign Direct Investment Policy; it also allows industrial undertakings licensed for items reserved for MSE manufacture to issue shares to non residents up to 24% of paid up capital, with any excess requiring prior government approval. Notifications FEMA Tue, 29 May 2012 00:00:00 +0530 https://www.taxtmi.com/notifications?id=25205