https://www.taxtmi.com/acts?id=21359 Where the nominal value of a company's share capital is within the limits specified for foreign investment under the Foreign Exchange Management Act or its rules or regulations, the company shall not be a foreign source notwithstanding the nominal value of share capital of the company being more than one-half of such value at the time of making the contribution. en-us Sat, 07 May 2016 10:47:32 +0530 Wed, 04 Apr 2018 10:21:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21359 Where the nominal value of a company's share capital is within the limits specified for foreign investment under the Foreign Exchange Management Act or its rules or regulations, the company shall not be a foreign source notwithstanding the nominal value of share capital of the company being more than one-half of such value at the time of making the contribution. Act-Rules F. Acts / Amendment Acts Sat, 07 May 2016 10:47:32 +0530 https://www.taxtmi.com/acts?id=21359