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Can shares be issued against Lumpsum Fee, Royalty and ECB?

April 26, 2017ECB issued Royalty Shares

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Can shares be issued against Lumpsum Fee, Royalty and ECB?

2 Answers

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Issue of equity shares against lump sum fee, royalty and external commercial borrowings (ECBs) in convertible foreign currency are permitted subject to meeting all applicable tax liabilities and sector specific guidelines.

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• Issue of equity shares against lump sum fee, royalty and external commercial borrowings (ECBs) in convertible foreign currency are permitted subject to meeting all applicable tax liabilities and sector specific guidelines.