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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Companies can issue Foreign Currency Convertible Bonds under automatic route with USD 750 million annual ceiling</h1> The regulation establishes the automatic route framework for issuing Foreign Currency Convertible Bonds under FEMA 2004. Key provisions include: annual ceiling of USD 750 million per financial year; minimum 5-year maturity with no early call/put options; compliance with FDI policy and sectoral caps; public issues require reputed lead managers while private placements are restricted to specified entities; proceeds cannot be used for stock market investments but allowed for ECB-permitted purposes including infrastructure; financial intermediaries generally prohibited except specific textile/steel sector participants; issue expenses capped at 4% for public and 2% for private placements; mandatory reporting to RBI within 30 days of completion.
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