https://www.taxtmi.com/notifications?id=116649 Amendment permits Indian companies in specified knowledge-based sectors to issue Global Depository Receipts against ordinary shares to non-resident and resident permanent employees (including working directors) and to subsidiaries, provided eighty percent of turnover in the three preceding financial years is from those sectors or, for diversified companies, an alternative export-earnings eligibility threshold is met, subject to government-prescribed eligibility conditions and operational guidelines. en-us Tue, 18 Sep 2001 00:00:00 +0530 Fri, 04 Apr 2014 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116649 Amendment permits Indian companies in specified knowledge-based sectors to issue Global Depository Receipts against ordinary shares to non-resident and resident permanent employees (including working directors) and to subsidiaries, provided eighty percent of turnover in the three preceding financial years is from those sectors or, for diversified companies, an alternative export-earnings eligibility threshold is met, subject to government-prescribed eligibility conditions and operational guidelines. Notifications FEMA Tue, 18 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116649