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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Indian companies can issue Foreign Currency Convertible Bonds up to USD 750 million to non-residents under FEMA regulations</h1> Indian residents are generally prohibited from issuing or transferring foreign securities under FEMA regulations. However, Indian companies and parliamentary bodies may issue Foreign Currency Convertible Bonds up to USD 750 million to non-resident persons following specified conditions, or beyond this limit with Reserve Bank approval. They may also issue Foreign Currency Exchangeable Bonds with specific Reserve Bank approval. Companies must report issuance details to the Reserve Bank within 30 days, including total amounts, investor names, and repatriation details through banking channels.
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