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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>External Commercial Borrowing applications require duplicate submissions through authorized dealers with comprehensive documentation and compliance certifications</h1> This statutory form governs applications for External Commercial Borrowings under India's Foreign Exchange Management Act regulations. Applicants must submit duplicate applications through authorized dealers to the Reserve Bank of India for short-term loans, USD 5 million, or USD 10 million schemes. Required documentation includes overseas lender offer letters, regulatory approvals, export realization certificates, credit ratings for non-banking financial companies, import contracts, and international credit ratings. The form captures borrower information, loan details including currency, amount, interest rates, repayment terms, lender details, drawdown schedules, and specific requirements for different ECB categories. Both applicant and authorized dealer must certify accuracy and compliance with utilization restrictions prohibiting stock market and real estate investments.
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