https://www.taxtmi.com/notifications?id=116108 Permits Indian companies under a Court approved Scheme of Arrangement to issue non-convertible redeemable preference shares or debentures as bonus distributions to non-resident shareholders from general reserves, subject to: original acquisition compliance with FEMA and the relevant Schedule; adherence to the Companies Act and scheme terms; possession of a No Objection Certificate from the Income Tax authority; and exclusion of activities/sectors listed in Annex A to Schedule 1. en-us Fri, 04 Oct 2013 00:00:00 +0530 Mon, 06 Jan 2014 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116108 Permits Indian companies under a Court approved Scheme of Arrangement to issue non-convertible redeemable preference shares or debentures as bonus distributions to non-resident shareholders from general reserves, subject to: original acquisition compliance with FEMA and the relevant Schedule; adherence to the Companies Act and scheme terms; possession of a No Objection Certificate from the Income Tax authority; and exclusion of activities/sectors listed in Annex A to Schedule 1. Notifications FEMA Fri, 04 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116108