You can buyback FCCBs now as time limit extended from June 2010 to June 30, 2011
8:24 PM / 0 Comments
On a review of the policy and in view of the representations received from the issuers of FCCBs, it has been decided to...
Showing posts with label RBI FEMA ECB. Show all posts
Showing posts with label RBI FEMA ECB. Show all posts
Saturday, August 14, 2010
Friday, August 13, 2010
ECB beyond USD 100 million under RBI Approval Route for service sector available for permissible end uses, not being acquisition of land
At present, entities in the services sectors viz., Hotels, Hospitals and Software are allowed to avail of ECB up to USD 100 million...
Thursday, August 5, 2010
Violated Foreign Exchange laws: on becoming aware of the contravention, disclose it to RBI to save huge penalty of 2 lakhs or 3 times the amount involved in transaction [Compounding Master Circular]
It has been decided to put in place an updated procedure for compounding of contravention/s under FEMA on the basis of observations made...
Takeout Financing: refinancing of domestic Rupee loans with ECB under RBI approval route
As per the extant norms, refinancing of domestic Rupee loans with External Commercial Borrowing (ECB) is not permitted. However, keeping in view the...
Monday, May 24, 2010
ECB by IFC now under Automatic route UPTO 50% of owned funds, RBI
ECB by IFC now under Automatic route UPTO 50% of owned funds, RBI
9:56 PM / 0 Comments
As a measure of liberalisation of the existing procedures, it has been decided to permit the IFCs to avail of ECBs, including the...
Tuesday, April 6, 2010
Debentures/Bonds by Indian Infrastructure companies to Non Resident Entities following ECB (structured obligations/novated loans)
External Commercial Borrowings (ECB) Policy – Structured Obligations Borrowing and lending of Indian Rupees between two persons resident in India does not attract...
Again an option to Buyback / Prepayment of FCCB under RBI Approval Route till June 2010
Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs) Attention of Authorised Dealer Category – I (AD Category – I) banks is invited...
Wednesday, March 3, 2010
IFC, the new NBFC under ECB approval route upto 50% NOF subject to RBI compliances & hedging full currency risk
Why all this? In view of the thrust given to the development of the infrastructure sector, a separate category of NBFCs viz. Infrastructure...
New Infrastructure sector definition for ECB to include Cold storage at agricultural & allied levels
Why all this? As announced in para 54 of the Union Budget for the Year 2010-11, it has been decided to expand the...
Saturday, February 20, 2010
Conversion into New Pricing Norms for FCCB on or before 15th August 2010 (ie) average 2 week high & low prices only like QIP under ICDR
A Scheme for issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme was notified in 1993 to allow...
Wednesday, February 10, 2010
No prior RBI approval for ECB changes: Name of Borrower or Currency or Repayment or Bank after allotment of LRN, if other Terms are same
External Commercial Borrowings (ECB) Policy – Liberalisation vide RBI/2009-10/311 A. P. (DIR Series) Circular No.33 dated 9th February 2010 As per the extant...
Tuesday, January 26, 2010
Spend Rupees for Spectrum Allocation,get it refinanced with ECB within 12months under Government Route, RBI says in addition to exisitng Automatic route
RBI/2009-10/ 292 dated January 25, 2010 vide A.P. (DIR Series) Circular No. 28 As per the existing ECB policy, eligible borrowers in the...
Wednesday, January 6, 2010
Download all Press Notes from 1991 to 2009 issued by DIPP as it proposes to consolidate PNs in 2010 to release a comprehensive FDI policy in India like Master Circulars with a sunset clause of 6 months
Draft Master Press Note with FDI Regulatory Framework The Legal basis: Foreign Direct Investments (FDI) by non-resident (NRI) in resident entities through transfer...
No limits for royalty/lumpsum payment in FEMA under Current Account Transaction as per PN 8 – DIPP allowed it under Automatic route (ie) without the approval of RBI
Press Note 8 of 2009 as notified by 0/0 IPP F. No. 5(6)/2008-FC dated 16.12.2009 The existing policy of Government of India on...
Monday, December 28, 2009
SEBI ICDR now applies to Convertible preference shares, fast track issues liberalised, employee reservation value limited to Rs. 1 lakh, Anchor Investors in IDR & new book building system introduced based on bids at highest price
No. LAD-NRO/GN/2009-10/23/186926 dated 11th December 2009 Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2009 [SEBI ICDR...
Friday, December 11, 2009
ECB NBFC & Spectrum amended w.e.f December 2009 & others applicable from 1st January 2010 – RBI FEMA Notification
On a review of the prevailing macroeconomic conditions and developments in international financial markets, it has been decided to modify some aspects of...
Monday, July 27, 2009
RBI Guidelines on IDR for issue, transfer & redemption into Equity which shall be made only after 1 year on compliance of FEMA, SEBI & Company Rules
RBI in order to facilitate the eligible companies resident outside India to issue Indian Depository Receipts (IDRs) through a Domestic Depository and to...
Wednesday, July 1, 2009
Violation of ECB provisions mandates RBI approval route, instead of automatic route & SEZ can avail for devlopment now
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to the A.P. (DIR Series) Circular No. 46 dated...
Wednesday, May 13, 2009
[SEBI]FII allocation of government debt investment limit&link to FII section in SEBI website
This is in continuation of SEBI FII notification regarding allocation of debt investment limits vide FII’s rush with your debt request to SEBI...
Wednesday, April 29, 2009
[FCCB]Buy back upto USD 100 million under RBI Approval Route based on larger discounts
RBI/2008-09/461 A. P. (DIR Series) Circular No 65 dated 28th April 2009 The total amount of permissible buyback of FCCBs, out of internal...
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