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of <h1>Indian companies can issue Foreign Currency Convertible Bonds up to $50 million without prior approval 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 (FCCBs) with specific limits: up to $50 million without prior approval following prescribed conditions, $50-100 million requires Reserve Bank permission, and amounts exceeding $100 million need government approval. Companies issuing FCCBs above $100 million must report details to the Reserve Bank within 30 days, including approval copies, total amounts, investor names, and repatriation documentation.
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