Finance Ministry clarifies bonus share issuance for FDI-prohibited sectors, provides retrospective relief
A crucial condition for such issuances is that the shareholding percentage of the non-resident shareholders must remain unchanged | Photo Credit: iStockphoto The Finance Ministry
Indian companies in FDI-prohibited sectors can issue bonus shares to existing foreign investors
Indian companies in FDI-prohibited sectors can issue bonus shares to existing foreign investors, subject to conditions. | Photo Credit: iStockphoto Government on Monday permitted Indian
