https://www.taxtmi.com/notifications?id=119672 Authorizes a wholly owned Indian subsidiary of a non resident entity in sectors allowing 100% FDI under the automatic route to issue equity, preference shares, convertible debentures or warrants to the non resident parent against pre incorporation/pre operative expenses up to regulatory limits, subject to Form FC GPR reporting within thirty days of issue (and not later than one year from incorporation unless permitted otherwise), valuation per Paragraph 5 of Schedule 1, and submission of a statutory auditor's certificate confirming utilization of the funds for incorporation/commencement purposes. en-us Mon, 24 Oct 2016 00:00:00 +0530 Thu, 27 Oct 2016 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119672 Authorizes a wholly owned Indian subsidiary of a non resident entity in sectors allowing 100% FDI under the automatic route to issue equity, preference shares, convertible debentures or warrants to the non resident parent against pre incorporation/pre operative expenses up to regulatory limits, subject to Form FC GPR reporting within thirty days of issue (and not later than one year from incorporation unless permitted otherwise), valuation per Paragraph 5 of Schedule 1, and submission of a statutory auditor's certificate confirming utilization of the funds for incorporation/commencement purposes. Notifications FEMA Mon, 24 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119672