External Commercial Borrowings: revised Form-83 for Loan Registration Number streamlines LRN reporting while retaining existing ECB conditions. Borrowers seeking a Loan Registration Number (LRN) for External Commercial Borrowings must submit the revised Form-83 format effective July 1, 2012, with an annex illustrating calculation of average maturity. This change rationalises information required for LRNs while all other ECB conditions-eligible borrowers, recognized lenders, end use restrictions, all-in-cost, average maturity, prepayment, refinancing and reporting-remain unchanged and must be complied with. Category-I Authorised Dealer banks must notify constituents; directions are issued under the Foreign Exchange Management Act without prejudice to other required permissions.
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External Commercial Borrowings: revised Form-83 for Loan Registration Number streamlines LRN reporting while retaining existing ECB conditions.
Borrowers seeking a Loan Registration Number (LRN) for External Commercial Borrowings must submit the revised Form-83 format effective July 1, 2012, with an annex illustrating calculation of average maturity. This change rationalises information required for LRNs while all other ECB conditions-eligible borrowers, recognized lenders, end use restrictions, all-in-cost, average maturity, prepayment, refinancing and reporting-remain unchanged and must be complied with. Category-I Authorised Dealer banks must notify constituents; directions are issued under the Foreign Exchange Management Act without prejudice to other required permissions.
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