Thursday, September 27, 2012

RBI allows NRIs to pick-up shares, debentures at face value

......"It has been decided that in cases, where non-residents (including NRIs) make investment in an Indian company in compliance with the provisions of the Companies Act..., such investments may be made at the face value subject to their eligibility to invest under the FDI scheme," RBI said in a circular.......

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