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

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....y shares under the FDI scheme allowed under the Government 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 capit....

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....EMA.242/2012-RBdated October 19, 2012 6. The directions contained 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. date....