Capitalisation of Lumpsum Fee / Royalty / ECB – Liberalisation

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....ee / Royalty / ECB - Liberalisation Attention of Authorised Dealers is invited to Regulation 5(1) of Notification No.FEMA.20/2000-RB dated May 3, 2000 and paragraph 8 of Schedule I thereto, in terms of which issue of shares or convertible debentures under Foreign Direct Investment Scheme by a company in India to a person resident outside India (other than a citizen of Bangladesh or Pakistan or Sr....

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...., is subject to the pricing guidelines of Reserve Bank/SEBI. 4. It has been clarified by the Government that the words 'import payables' appearing in the Press Note refer only to payables towards import of technical know-how and other items mentioned under paragraph 2 above. Import dues by Indian companies, which are deemed as Trade (buyers'/suppliers') Credit or ECBs in terms of Reserve Bank gu....