Ceiling on FCCB issuance under automatic route limits issuance and prescribes eligibility, maturity, cost, hedging and reporting rules. The Schedule sets conditions for issuance of Foreign Currency Convertible Bonds under the automatic route, requiring conformity with FDI policy and RBI directions, an annual issuance ceiling, specified investor categories for private placement and reputed lead managers for public offers, minimum five-year maturity with restrictions on early exercise of call/put options, prohibition of attached warrants, alignment of all-in-cost with ECB norms, prohibition on stock market investment of proceeds, hedging requirements for rupee expenditures, exclusions on financial intermediary participation and guarantees, limits on issue expenses, and a thirty-day post-issue reporting obligation to the Reserve Bank.