https://www.taxtmi.com/acts?id=30901 A person resident outside India (excluding citizens or entities of Pakistan or Bangladesh) may purchase convertible notes from an Indian startup for twenty five lakh rupees or more in a single tranche, with funds received by inward remittance or by debit to permitted foreign currency accounts; repayment or sale proceeds may be remitted or credited in accordance with deposit regulations. Startups in sectors requiring Government approval may issue such notes to non-residents only with approval, and conversion to equity must comply with entry routes, sectoral caps, pricing guidelines and other conditions. NRIs and OCIs may acquire on non-repatriation basis, and transfers must follow prescribed entry routes and pricing. en-us Mon, 13 Nov 2017 18:25:54 +0530 Thu, 19 Jun 2025 17:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30901 A person resident outside India (excluding citizens or entities of Pakistan or Bangladesh) may purchase convertible notes from an Indian startup for twenty five lakh rupees or more in a single tranche, with funds received by inward remittance or by debit to permitted foreign currency accounts; repayment or sale proceeds may be remitted or credited in accordance with deposit regulations. Startups in sectors requiring Government approval may issue such notes to non-residents only with approval, and conversion to equity must comply with entry routes, sectoral caps, pricing guidelines and other conditions. NRIs and OCIs may acquire on non-repatriation basis, and transfers must follow prescribed entry routes and pricing. Act-Rules FEMA Mon, 13 Nov 2017 18:25:54 +0530 https://www.taxtmi.com/acts?id=30901