India’s increasingly robust approach towards corporate fraud has helped in a significant level of fraud detection in public as well as private companies. The statutory and investor driven imperative...
Published On: 01/01/2017
Practice Area: Corporate & Commercial
Authors:
Suneeth Katarki
Stuti Agarwal
The Reserve Bank of India has amended theForeign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (the "TISPRO Regulations"), on January 10, 2017 (the "TISPRO Amendment"), to provide for the issuance of ‘convertible notes’ to foreign investors by start-up companies.
