Can a Indian Co.,(being newly incorporated) issue shares to a foreign investor for Non Monetary Consideration (ie., Licensing Fees for using technical knowhow) ?
3 Replies
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 20 June 2011
yes they can issue to Foreign investors
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 20 June 2011
yes, shares can be issued
CA Mukesh Jain S
(Chartered Accountant in Practice)
(692 Points)
Replied 22 June 2011
On what basis ? Are there any restrictions in FDI policy or SEBI provisions or FEMA provisions
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