External commercial borrowing simplification: AD banks may approve specified FEH and group-company ECBs under the automatic route. RBI delegates authority to AD Category-I banks to approve under the automatic route ECBs from direct and indirect foreign equity holders and group companies for specified sectors (manufacturing, infrastructure, hotels, hospitals, software), miscellaneous services (limited to training, R&D and infrastructure-support), ECBs for general corporate purpose from direct equity holders, and change-of-lender requests where the ECB originates from a foreign equity holder or group company, subject to all existing ECB terms and conditions.
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 borrowing simplification: AD banks may approve specified FEH and group-company ECBs under the automatic route.
RBI delegates authority to AD Category-I banks to approve under the automatic route ECBs from direct and indirect foreign equity holders and group companies for specified sectors (manufacturing, infrastructure, hotels, hospitals, software), miscellaneous services (limited to training, R&D and infrastructure-support), ECBs for general corporate purpose from direct equity holders, and change-of-lender requests where the ECB originates from a foreign equity holder or group company, subject to all existing ECB terms and conditions.
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