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        FEMA

        Para 5 - Operational Procedure

        Issue of Foreign Currency Exchangeable Bonds Scheme, 2008

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        Prior approval requirement for foreign currency exchangeable bonds; issuance permitted only with authorization and free convertible currency denomination. Prior approval is required for issuance of Foreign Currency Exchangeable Bonds under the Scheme, and such bonds may be denominated in any freely convertible foreign currency.
                          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.

                                Prior approval requirement for foreign currency exchangeable bonds; issuance permitted only with authorization and free convertible currency denomination.

                                Prior approval is required for issuance of Foreign Currency Exchangeable Bonds under the Scheme, and such bonds may be denominated in any freely convertible foreign currency.


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