​Making life easier for Start-Ups. RBI clarifications under FEMA

RBI clarifications under Foreign Exchanges Management Act (FEMA) for start-ups for issues of shares against legitimate payments owed by start-ups and accepting payments by foreign subsidiaries of such start-ups against export and other dues.

As announced in sixth Bi Monthly monetary policy statement for 2015-16 by RBI regarding clarification for some existing regime, to help to doing business in India and to facilitate start-ups, RBI has now clarified following issues.

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