https://www.taxtmi.com/circulars?id=52576 Unlisted companies may raise capital abroad without prior or subsequent domestic listing for an initial two year period subject to conditions: listing only on exchanges in IOSCO/FATF compliant jurisdictions or those with SEBI agreements; filing returns to SEBI for PMLA and complying with SEBI disclosure requirements; adherence to the FDI policy; use of proceeds for retiring overseas debt or operations abroad including acquisitions; and if not so utilised, remittance to India within 15 days with funds parked only in RBI recognized AD category banks. en-us Tue, 03 Dec 2013 00:00:00 +0530 Fri, 06 Dec 2013 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52576 Unlisted companies may raise capital abroad without prior or subsequent domestic listing for an initial two year period subject to conditions: listing only on exchanges in IOSCO/FATF compliant jurisdictions or those with SEBI agreements; filing returns to SEBI for PMLA and complying with SEBI disclosure requirements; adherence to the FDI policy; use of proceeds for retiring overseas debt or operations abroad including acquisitions; and if not so utilised, remittance to India within 15 days with funds parked only in RBI recognized AD category banks. Circulars FEMA Tue, 03 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52576