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

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....ernment route Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to Para 3 of A.P. (DIR Series) Circular No. 74 dated June 30, 2011 read with A.P. (DIR Series) Circular No. 55 dated December 9, 2011, allowing thereby issue of equity shares/preference shares under the Government route by conversion of import of capital goods, etc., subject to terms and conditions state....

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....ained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law. Yours faithfully, (Rudra Narayan Kar) Chief General Manager Annex [A. P. (DIR Series) Circular No. dated January, 2013] c.f. A.P.(DIR Series) Circular No. 74 dated June 30, 20....