Monday, October 15, 2012

FDI - MOA SUBSCRIPTION AT PAR

The Reserve Bank of India (RBI) has decided that in cases, where non-residents (includingNRIs) make investment in an Indian company in compliance with the provisions of the Companies
Act, 1956, by way of subscription to Memorandum of Association, such investments
may be made at face value subject to their eligibility to invest under the FDI scheme.

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