Foreign currency borrowing rules define eligibility, permitted lenders, maturity requirements and prohibited uses for resident borrowers. The Schedule prescribes the regulatory framework for raising foreign currency loans by residents, identifying eligible borrowers (Indian companies excluding financial intermediaries, specified micro finance NGOs, and others as notified), permissible overseas lenders and instruments, required application in the prescribed ECB form, maturity and purpose conditions across short term, corporate and infrastructure schemes, and a prohibition on using borrowed funds for stock market investment or real estate business.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign currency borrowing rules define eligibility, permitted lenders, maturity requirements and prohibited uses for resident borrowers.
The Schedule prescribes the regulatory framework for raising foreign currency loans by residents, identifying eligible borrowers (Indian companies excluding financial intermediaries, specified micro finance NGOs, and others as notified), permissible overseas lenders and instruments, required application in the prescribed ECB form, maturity and purpose conditions across short term, corporate and infrastructure schemes, and a prohibition on using borrowed funds for stock market investment or real estate business.
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