https://www.taxtmi.com/notifications?id=116112 Issuance of shares or convertible debentures with an optionality clause but without any assured exit price is permitted to non-residents subject to Schedule I terms and a minimum lock-in of one year or higher as per Schedule I Annex-B; exits must be without assured return and priced as follows: listed company exits at recognised stock exchange market price, unlisted equity exits at a price not exceeding that based on Return on Equity from the latest audited balance sheet, and preference shares or debentures priced under an internationally accepted methodology certified by a Chartered Accountant or SEBI-registered Merchant Banker. en-us Tue, 12 Nov 2013 00:00:00 +0530 Tue, 07 Jan 2014 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116112 Issuance of shares or convertible debentures with an optionality clause but without any assured exit price is permitted to non-residents subject to Schedule I terms and a minimum lock-in of one year or higher as per Schedule I Annex-B; exits must be without assured return and priced as follows: listed company exits at recognised stock exchange market price, unlisted equity exits at a price not exceeding that based on Return on Equity from the latest audited balance sheet, and preference shares or debentures priced under an internationally accepted methodology certified by a Chartered Accountant or SEBI-registered Merchant Banker. Notifications FEMA Tue, 12 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116112