Convertible bonds
This query is : Resolved
bobby ponnada
(Querist)
24 September 2014
hello sir,
can indian private company raise convertible bonds from foreign residents or from foreign company. if can raise what is the procedure to raise those bonds.
thanking you but we need how to raise these funds... please clarify
can indian private company raise convertible bonds from foreign residents or from foreign company. if can raise what is the procedure to raise those bonds.
thanking you but we need how to raise these funds... please clarify
Nikhil Kaushik
(Expert)
24 September 2014
yes you can...but you need to satisfy RBI's ECB/FDI guidelines depending upon structure of the bonds.
Message likes :
1 times
bobby ponnada
(Querist)
24 September 2014
Thanking you sir,
but i want to know what procedures have to take.
please clarify me.
but i want to know what procedures have to take.
please clarify me.
Nikhil Kaushik
(Expert)
24 September 2014
first you need to go through ECB and FDI guidelines and decide which one applies to your case...only then the procedure can be decided..right!
Message likes :
1 times
bobby ponnada
(Querist)
24 September 2014
can we appoint/induct a foreign national as a shareholder/director in a indian private company. can we issue convertible bonds to that person.
Nikhil Kaushik
(Expert)
24 September 2014
1. yes you can appoint a foreign national as director.
2. but issuance of CCDs will require to comply with FDI guidelines which normally include reporting to RBI regarding receipt of application money and allotment of securities. In certain industrial sectors FIPB approval is required prior to allotment of securities
in case of optionally convertible bonds, ECB guidelines need to be followed
Your banker shall assist you in this regards
2. but issuance of CCDs will require to comply with FDI guidelines which normally include reporting to RBI regarding receipt of application money and allotment of securities. In certain industrial sectors FIPB approval is required prior to allotment of securities
in case of optionally convertible bonds, ECB guidelines need to be followed
Your banker shall assist you in this regards
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
