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        FEMA

        External Commercial Borrowings (ECB) Policy – Refinancing / Rescheduling of ECB

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        External Commercial Borrowings policy continues; refinancing and rescheduling instructions remain operative and must be conveyed to authorised dealer banks. External Commercial Borrowings refinancing and rescheduling instructions continue to apply pending review; all other ECB policy aspects remain unchanged. Authorised dealer banks must notify constituents and customers of the continued applicability. Directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 without prejudice to other statutory permissions.
                          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.

                                External Commercial Borrowings policy continues; refinancing and rescheduling instructions remain operative and must be conveyed to authorised dealer banks.

                                External Commercial Borrowings refinancing and rescheduling instructions continue to apply pending review; all other ECB policy aspects remain unchanged. Authorised dealer banks must notify constituents and customers of the continued applicability. Directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 without prejudice to other statutory permissions.


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