Jul 4, 2011

Updates by RBI

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Recent Updates  by RBI

Circular no. and date



A. P. (DIR Series) Circular No.74 dated 30/06/2011

Foreign Direct Investment (FDI) in India – Issue of equity shares under the FDI Scheme allowed under the Government route

The circular provides for the conditions under which an Indian company may issue equity shares/preference shares to a person resident outside India under the government route of FDI scheme in consideration of import of capital goods/ machineries / equipments (including second-hand machineries), and Pre-operative/pre-incorporation expenses (including payments of rent, etc.)



A. P. (DIR Series) Circular No.75 dated 30/06/2011

Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs)

This circular provides for buyback of FCCBs by Indian companies, both under the automatic and approval routes



A.P. (DIR Series) Circular No. 73 dated 29/06/2011

Overseas Direct Investment- Liberalization/ Rationalization

The circular consolidates the conditions for transfer by way of sales of a joint venture or wholly owned subsidiary (JV or WOS) outside India with and without write off of the investment




Links for downloading Important Master Circulars Issued by RBI on 01.07.2011

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