Jul 4, 2011

Updates by RBI

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Recent Updates  by RBI

Circular no. and date

Title

Description

A. P. (DIR Series) Circular No.74 dated 30/06/2011

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

The circular provides for the conditions under which an Indian company may issue equity shares/preference shares to a person resident outside India under the government route of FDI scheme in consideration of import of capital goods/ machineries / equipments (including second-hand machineries), and Pre-operative/pre-incorporation expenses (including payments of rent, etc.)

 

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A. P. (DIR Series) Circular No.75 dated 30/06/2011

Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs)

This circular provides for buyback of FCCBs by Indian companies, both under the automatic and approval routes

 

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A.P. (DIR Series) Circular No. 73 dated 29/06/2011

Overseas Direct Investment- Liberalization/ Rationalization

The circular consolidates the conditions for transfer by way of sales of a joint venture or wholly owned subsidiary (JV or WOS) outside India with and without write off of the investment

 

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Links for downloading Important Master Circulars Issued by RBI on 01.07.2011

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