https://www.taxtmi.com/notifications?id=116932 The amendment expressly includes warrants as securities issuable to persons resident outside India and mandates that warrants be treated within the meaning of the Act. It permits issuance of partly paid equity while requiring preference shares and convertible debentures to be fully paid and convertible. Valuation and pricing for shares, convertible debentures and warrants require a certificate from a Chartered Accountant or SEBI-registered merchant banker; donees of partly paid instruments must declare awareness of liabilities. Consideration for issuance must follow specified inward remittance, NRE/FCNR(B) debit or escrow mechanisms, with refund rules where issuance does not occur within the prescribed period. en-us Mon, 30 Jun 2014 00:00:00 +0530 Tue, 15 Jul 2014 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116932 The amendment expressly includes warrants as securities issuable to persons resident outside India and mandates that warrants be treated within the meaning of the Act. It permits issuance of partly paid equity while requiring preference shares and convertible debentures to be fully paid and convertible. Valuation and pricing for shares, convertible debentures and warrants require a certificate from a Chartered Accountant or SEBI-registered merchant banker; donees of partly paid instruments must declare awareness of liabilities. Consideration for issuance must follow specified inward remittance, NRE/FCNR(B) debit or escrow mechanisms, with refund rules where issuance does not occur within the prescribed period. Notifications FEMA Mon, 30 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116932