https://www.taxtmi.com/acts?id=31995 Clause 217 substitutes the commencement date in section 236 of the Finance Act, 2016 to align the proviso to sub clause (vi) of clause (j) of s.2(1) of the Foreign Contribution (Regulation) Act with the earlier Act's commencement, so that a company whose nominal share capital exceeds the specified threshold is not deemed a foreign source if the foreign investment complies with limits under the Foreign Exchange Management framework. en-us Thu, 01 Feb 2018 18:35:15 +0530 Fri, 02 Feb 2018 18:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31995 Clause 217 substitutes the commencement date in section 236 of the Finance Act, 2016 to align the proviso to sub clause (vi) of clause (j) of s.2(1) of the Foreign Contribution (Regulation) Act with the earlier Act's commencement, so that a company whose nominal share capital exceeds the specified threshold is not deemed a foreign source if the foreign investment complies with limits under the Foreign Exchange Management framework. Act-Rules Bills Thu, 01 Feb 2018 18:35:15 +0530 https://www.taxtmi.com/acts?id=31995