No Share issuance against Import of Old Machinery etc

Under the FDI scheme issue of  shares is allowed under the Government route by conversion of Import of Capital Goods , Machinery , Equipments ( Including second hand machinery ) , pre incorporation and pre operative expenses

As per latest RBI guidelines  ,  to incentivising use of machinery embodying the latest state-of-the-art technology, compliant with international standards, in terms of being green, clean and energy efficient, it has been decided to exclude conversion of imported second-hand machinery from the purview of this provision.

So No shares can be issued in lieu of Second hand Imported machinery etc