https://www.taxtmi.com/circulars?id=54282 Permits issue of equity to non-residents without cash remittance where: (a) sweat equity schemes comply with SEBI rules for listed companies or the Companies (Share Capital and Debentures) Rules for others, and (b) shares are issued against legitimate payments owed where remittance does not require prior FEMA permission, subject to FDI policy, sectoral caps, pricing guidelines and applicable tax laws; AD Category I banks must notify constituents and refer to the relevant FEMA notifications. en-us Thu, 11 Feb 2016 00:00:00 +0530 Fri, 12 Feb 2016 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54282 Permits issue of equity to non-residents without cash remittance where: (a) sweat equity schemes comply with SEBI rules for listed companies or the Companies (Share Capital and Debentures) Rules for others, and (b) shares are issued against legitimate payments owed where remittance does not require prior FEMA permission, subject to FDI policy, sectoral caps, pricing guidelines and applicable tax laws; AD Category I banks must notify constituents and refer to the relevant FEMA notifications. Circulars FEMA Thu, 11 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54282