Issue of shares to NRIs/OCBs on rights basis

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Full Text of the Document

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....ealers is invited to sub-regulation (2) of Regulation 6 of Notification No.FEMA.20/2000-RB dated 3rd May 2000 in terms of which Indian companies are permitted to offer to a person resident outside India, equity or preference shares or convertible debentures on right basis subject to conditions stipulated therein. 2. With a view to extending to non-resident shareholders the facility to subscribe t....