Saturday, June 16, 2012

Second Hand Machine barred from Equity Conversion

The Reserve Bank of India (RBI) has been decided to exclude conversion of imported second-hand
machinery from the list of item against which share can be issued even under approval route
with a view to incentivizing use of machinery embodying the latest state-of-the-art technology,
compliant with international standards, in terms of being green, clean and energy efficient.

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