Issue Of Shares other than out of public issue to Non Resident Indians.Take a look at this, we discuss the lead section in greater details below: Issue Of Shares:   To check whether the proposed investment is within the sectoral caps provided for Foreign Direct Investment.   If the proposed investment exceeds the sectoral caps, make an application to FIPB before the passing of the shareholders’ resolution in the AGM /EGM. To obtain a certificate from either the Statutory Auditor or a…