Press Release, dated 16-6-2010

Online GST Certification Course by TaxGuru & MSME- Click here to Join

Reserve Bank of India Foreign Exchange Department, vide circular No. RBI/2009-10/445 A.P. (DIR Series) Circular No. 49 dated May 04, 2010 has notified change in pricing guidelines of equity shares, compulsorily convertible preference shares and compulsorily convertible debentures (Equity instruments) to be issued / transferred to a resident outside India. The guidelines are applicable to an Indian Company in sectors other than financial sector.

In view of the same, it is clarified that the provisions of the said circular continue to be not applicable to Insurance Sector.

More Under Corporate Law

Posted Under

Category : Corporate Law (3438)
Tags : IRDA (281) IRDA Notifications (273)

Leave a Reply

Your email address will not be published. Required fields are marked *