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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Schedule II FEMA regulations allow Indian companies to borrow foreign exchange under approval route with specific maturity and cost requirements</h1> Schedule II of FEMA regulations governs foreign exchange borrowings under the approval route for Indian residents. Eligible entities include companies registered under the Companies Act, infrastructure finance institutions, banks participating in sector restructuring, and entities outside the automatic route. Borrowings may be sourced from international banks, multilateral institutions, foreign collaborators, or equipment suppliers. Permitted purposes include investment in real sector projects, infrastructure development, disinvestment acquisitions, and overseas joint ventures. Maturity requirements vary by amount, with minimum three years for borrowings up to USD 20 million and five years for larger amounts. The Reserve Bank sets all-in-cost ceilings and may specify additional conditions. Borrowers must comply with security provisions, reporting requirements, and loan agreement procedures while adhering to prescribed end-use restrictions.
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