Amendment in FEMA Regulations for issue of securities to non-residents: “Exit price not to exceed as per internationally accepted pricing methodology for valuation of shares on arm’s length basis duly certified by a CA or merchant banker. No assured exit price permitted. Will have to exit at a price prevailing at the time of exit: http://egazette.nic.in/WriteReadData/2014/160183.pdf“ Read more about Amendment in FEMA Regulations for issue of securities to non-residents[…]