Can shares be alloted to a NR against import of a second hand machinery?
Consideration of shares in kind - Whether permissible?
suril (articleship) (244 Points)
26 August 2010
2 Replies
Manikanta Raju CA,CWA,(CS)
(Industry)
(4482 Points)
Replied 26 August 2010
Can be done........
But it involves some secraterial procuders and approvals from share holders etc.,
suril
(articleship)
(244 Points)
Replied 27 August 2010
Can you tell me what is the regulation under FEMA under which this can be done?
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