https://www.taxtmi.com/notifications?id=116631 The amendment creates time limited exemptions for GDR and FCCB issuers who had taken verifiable effective steps before the cut off: unlisted companies are exempted from prior or simultaneous listing provided they complete the issue by the completion deadline; listed companies issuing GDRs or FCCBs are exempted from the domestic pricing guidelines if they complete issuance by the same deadline. "Effective steps" are defined as filing the offering circular, obtaining overseas exchange approval, paying listing fees, or securing RBI approval for issue related expenses; private placements without an offering circular do not qualify. en-us Wed, 14 Sep 2005 00:00:00 +0530 Thu, 03 Apr 2014 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116631 The amendment creates time limited exemptions for GDR and FCCB issuers who had taken verifiable effective steps before the cut off: unlisted companies are exempted from prior or simultaneous listing provided they complete the issue by the completion deadline; listed companies issuing GDRs or FCCBs are exempted from the domestic pricing guidelines if they complete issuance by the same deadline. "Effective steps" are defined as filing the offering circular, obtaining overseas exchange approval, paying listing fees, or securing RBI approval for issue related expenses; private placements without an offering circular do not qualify. Notifications FEMA Wed, 14 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116631