TaxTMI Login
🎉 Festive Offer: Flat 12% off sitewide! →✨ Enterprise Access - Extra Savings! Contact: 9911796707 →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>External Commercial Borrowings Now Usable for All Stages in PSU Disinvestment Program, Says Circular under FEMA 1999.</h1> The circular clarifies that External Commercial Borrowings (ECB) can be utilized for all stages of acquiring shares in the government's disinvestment program of public sector undertakings (PSUs). Initially permitted for the first stage acquisition and mandatory public offers, the ECB facility is now confirmed to be available for multiple rounds of disinvestment. Authorized Dealer Category - I banks are instructed to inform their clients about this update. The directions are issued under the Foreign Exchange Management Act, 1999, and do not exempt compliance with other applicable laws.
TaxTMI 
