Foreign Direct Investments (FDI) – Issue of shares under FDI and refund of advance remittances

Last updated: 19 December 2007

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Foreign Direct Investments (FDI) – Issue of shares under FDI and refund of advance remittances A. P. (DIR SERIES) CIRCULAR NO. 20, DATED 14-12-2007 Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA 20 / 2000-RB dated May 3, 2000 (the Notification), as amended from time to time. 2. In terms of Schedule 1 of

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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