Fema

Compliance of RBI provisions is mandatory even in cases of subscripttion of share capital . the uprovisions shall apply even in cases where the money has not been transferred.

Anuj

femaquery @ gmail.com

Hello Mr. Anuj,

i had 1 query, please help me out...our company want to sell convertible warrant to foreigner. The value per warrant is Rs.10, bt the foreigner is ready to pay Rs.40 at the time of purchase of warrants and Rs.10 at the time of exercise of warrants, means he is ready to pay total rs.50 per warrant, warrants are traded in BSE and it will be lapse on 15th March 2013, if not exercised.

Now want to know what is the procedure we should follow to sale warrant to foreigner??

Thanks