FCCB automatic route: issuance allowed without government or central bank approval, subject to reporting and compliance. An amendment allows Indian companies or corporates created by Parliament to issue FCCBs under the automatic route without prior Government or Reserve Bank approval, subject to reporting to the Reserve Bank through authorised dealers and obtaining a loan registration number; authorised dealers must ensure strict compliance with the notification and forward offer documents to the regional office for registration, pursuant to the enabling provisions of the Foreign Exchange Management Act, 1999.