https://www.taxtmi.com/circulars?id=52616 An Indian company may issue non-convertible/redeemable preference shares or debentures to non-resident shareholders, including depositories for ADR/GDR holders, by way of bonus distribution from general reserves under a Scheme of Arrangement approved by an Indian court, subject to no-objection from the Income Tax Authorities; other types of preference shares and convertible debentures remain subject to existing FDI circulars. en-us Mon, 06 Jan 2014 00:00:00 +0530 Mon, 06 Jan 2014 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52616 An Indian company may issue non-convertible/redeemable preference shares or debentures to non-resident shareholders, including depositories for ADR/GDR holders, by way of bonus distribution from general reserves under a Scheme of Arrangement approved by an Indian court, subject to no-objection from the Income Tax Authorities; other types of preference shares and convertible debentures remain subject to existing FDI circulars. Circulars FEMA Mon, 06 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52616