Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI Scheme allowed under the Government route

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....-I Banks Madam / Sir, Subject:- Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI Scheme allowed under the Government route Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified vide Notification No. FEMA ....

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....ies of transactions:     (I) Import of capital goods/ machineries / equipments (including second-hand machineries), subject to compliance with the following conditions:           (a) The import of capital goods, machineries, etc., made by a resident in India, is in accordance with the Export / Import Policy issued by the Government ....

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....verseas entity; and           (d) All such conversions of import payables for capital goods into FDI should be completed within 180 days from the date of shipment of goods.      (II) Pre-operative/pre-incorporation expenses (including payments of rent, etc.) subject to compliance with the following conditions:   &n....

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....er the extant FDI policy. 4. (i) All requests for conversion should be accompanied by a special resolution of the company. (ii) Government's approval would be subject to pricing guidelines of the Reserve Bank and appropriate tax clearance. 5. These directions have been issued with reference to the relevant paras of the Consolidated FDI Policy Circular 1 of 2011 dated March 31, 2011, issue....