https://www.taxtmi.com/circulars?id=56596 Consolidated Master Direction governs foreign investment under FEMA/NDI Rules, defining instruments, entry routes (automatic and government approval), sectoral caps and prohibited sectors; prescribes issuance, pricing and payment conditions for equity instruments, convertible notes, ESOPs and IDRs; regulates transfers, pledges, escrow and downstream/indirect foreign investment with valuation, funding and reporting requirements; assigns compliance responsibilities to investee entities and AD banks, and provides procedural annexes for investor categories and remittance/tax rules. en-us Thu, 04 Jan 2018 00:00:00 +0530 Fri, 24 Jan 2025 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56596 Consolidated Master Direction governs foreign investment under FEMA/NDI Rules, defining instruments, entry routes (automatic and government approval), sectoral caps and prohibited sectors; prescribes issuance, pricing and payment conditions for equity instruments, convertible notes, ESOPs and IDRs; regulates transfers, pledges, escrow and downstream/indirect foreign investment with valuation, funding and reporting requirements; assigns compliance responsibilities to investee entities and AD banks, and provides procedural annexes for investor categories and remittance/tax rules. Circulars FEMA Thu, 04 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56596