https://www.taxtmi.com/circulars?id=53014 Equity shares may be issued under the FDI automatic route against any funds payable whose remittance does not require prior FEMA permission, provided issuance complies with existing sectoral caps and pricing guidelines and conversion to equity is net of applicable taxes; funds requiring Government/RBI approval, import dues deemed as ECB, trade credit or payables for second hand machinery remain excluded and subject to extant rules. en-us Wed, 17 Sep 2014 00:00:00 +0530 Wed, 17 Sep 2014 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53014 Equity shares may be issued under the FDI automatic route against any funds payable whose remittance does not require prior FEMA permission, provided issuance complies with existing sectoral caps and pricing guidelines and conversion to equity is net of applicable taxes; funds requiring Government/RBI approval, import dues deemed as ECB, trade credit or payables for second hand machinery remain excluded and subject to extant rules. Circulars FEMA Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53014