https://www.taxtmi.com/notifications?id=119885 The amendment defines a convertible note and adds Regulation 6D allowing non residents (with specified nationality exclusions) to purchase convertible notes of Indian startups subject to minimum tranche requirements, government approval where the sector is restricted, receipt of consideration by inward remittance or specified accounts with escrow closure within six months, NRI non repatriation conditions, permitted transfers under RBI pricing guidelines and reporting obligations to the Reserve Bank. en-us Tue, 10 Jan 2017 00:00:00 +0530 Thu, 12 Jan 2017 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119885 The amendment defines a convertible note and adds Regulation 6D allowing non residents (with specified nationality exclusions) to purchase convertible notes of Indian startups subject to minimum tranche requirements, government approval where the sector is restricted, receipt of consideration by inward remittance or specified accounts with escrow closure within six months, NRI non repatriation conditions, permitted transfers under RBI pricing guidelines and reporting obligations to the Reserve Bank. Notifications FEMA Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119885