Buyback of Foreign Currency Convertible Bonds permitted at higher limit with tiered minimum discounts and prior central bank approval. Buyback of Foreign Currency Convertible Bonds (FCCBs) out of internal accruals is permitted up to an increased redemption-value ceiling per company with prior Reserve Bank approval, subject to tiered minimum discounts on book value linked to successive redemption-value bands; all other terms of the earlier A.P. (DIR Series) Circulars continue to apply and the procedure must be completed within the timeline specified in the related circular.
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.
Buyback of Foreign Currency Convertible Bonds permitted at higher limit with tiered minimum discounts and prior central bank approval.
Buyback of Foreign Currency Convertible Bonds (FCCBs) out of internal accruals is permitted up to an increased redemption-value ceiling per company with prior Reserve Bank approval, subject to tiered minimum discounts on book value linked to successive redemption-value bands; all other terms of the earlier A.P. (DIR Series) Circulars continue to apply and the procedure must be completed within the timeline specified in the related circular.
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