Conversion of ECB into equity allowed under general permission, subject to automatic route, sectoral cap, pricing and reporting compliance. Conversion of ECBs and lump sum fees/royalties into equity is allowed under general permission provided the activity qualifies under the automatic route or has prior government approval, post conversion foreign equity remains within sectoral caps, share pricing complies with prescribed guidelines, and other statutory requirements are met. The facility applies to ECBs regardless of repayment status (excluding import payables). Reporting requires FC GPR to the Reserve Bank regional office and ECB 2 to the Bank's statistical department with specified markings and timelines for full and partial conversions.
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.
Conversion of ECB into equity allowed under general permission, subject to automatic route, sectoral cap, pricing and reporting compliance.
Conversion of ECBs and lump sum fees/royalties into equity is allowed under general permission provided the activity qualifies under the automatic route or has prior government approval, post conversion foreign equity remains within sectoral caps, share pricing complies with prescribed guidelines, and other statutory requirements are met. The facility applies to ECBs regardless of repayment status (excluding import payables). Reporting requires FC GPR to the Reserve Bank regional office and ECB 2 to the Bank's statistical department with specified markings and timelines for full and partial conversions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
