INTERNATIONAL FINANCIAL MANAGEMENT
Under the Automatic Route The financial limit for automatic overseas business acquisition, without without reference either to the Government or the RBI, on a back to hack ass, that is, through stock swap stock swap is as follows: (j) US dollar 100 million or (ii)...
INTERNATIONAL FINANCIAL MANAGEMENT
Nouns for Overseas Business Acquisition Through AD/GR acquisition by Indian companies-c-engaged in infonnation technology and entertainment software, pharmaceuticals and biotechnology- through AOL GR stock swap are briefly discussed below. The norms extend to Indian...
INTERNATIONAL FINANCIAL MANAGEMENT
Disinvestment of Shares by Indian Companies The operative guidelines for disinvestment 01 shares by Indian companies in the overseas market,through issue' of Assignors, is surprised below. . (I) Disinvestment of holdings, y shareholders of Indian companies in the...
INTERNATIONAL FINANCIAL MANAGEMENT
Unlisted Two-Way Fungibility of ADRs GDRs funj(il;ility of ADRs/GDRs under the’ issue of FCCBs and ordinary shares, through the depository receipt mechanism, arc summarised below. (a) Re-issuance of ADRs/GDRs. would be permitted to the extent of ADRs/GDRs...
INTERNATIONAL FINANCIAL MANAGEMENT
Gift tax and Wealth Tax Holding of GDRs/ADR~ in the hands of non-resident investors and holding of the underlying shares hy the ODB in a fiduciary capacity and he transfer of the GDRs/ADR~ between nonresident nonresident investors and the ODB would he exempt from...
INTERNATIONAL FINANCIAL MANAGEMENT
Application of Avoidance of Double Taxation Agreement in Case of Global ican Depository Receipts During the period of fiduciary ownership of shares in the hands of the ODB, the provisions of Avoidance of Double Taxation Agreement, entered into by the Government of...
