https://www.taxtmi.com/acts?id=20641 The amendment inserts a proviso to section 2(1)(j)(vi) of the Foreign Contribution (Regulation) Act, 2010 providing that a company shall not be a foreign source if its nominal share capital is within foreign investment limits under the Foreign Exchange Management Act, 1999 or related rules or regulations, notwithstanding that the nominal value of foreign share capital may exceed one-half of such value at the time of contribution; the proviso is deemed effective from 26 September 2010. en-us Mon, 29 Feb 2016 19:20:35 +0530 Mon, 29 Feb 2016 19:20:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20641 The amendment inserts a proviso to section 2(1)(j)(vi) of the Foreign Contribution (Regulation) Act, 2010 providing that a company shall not be a foreign source if its nominal share capital is within foreign investment limits under the Foreign Exchange Management Act, 1999 or related rules or regulations, notwithstanding that the nominal value of foreign share capital may exceed one-half of such value at the time of contribution; the proviso is deemed effective from 26 September 2010. Act-Rules Bills Mon, 29 Feb 2016 19:20:35 +0530 https://www.taxtmi.com/acts?id=20641