The above instructions may be brought to the notice of all concerned. Difficulties, if any, in the implementation of above instructions may be brought to the notice of the Board.
Notification No. 243-Income Tax In exercise of the powers conferred by clause (a) of sub-section (1), items (i) and (iii) of clause (b) of sub-section (1) and Explanation to sub-section (5) of section 115AC of the Income-tax Act, 1961 (43 of 1961), the Central Government specifies “the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993” notified vide notification of the Government of India, Ministry of Finance
