Buyback of Foreign Currency Convertible Bonds permitted under RBI approval route subject to compliance with prescribed conditions. Extension of permission for buyback and prepayment of Foreign Currency Convertible Bonds (FCCBs) under the approval route is allowed, provided issuers comply with previously prescribed terms and conditions; eligible applications must be submitted with supporting documents through Authorised Dealer Category I banks to the Reserve Bank of India's Foreign Exchange Department, External Commercial Borrowings Division at the designated central office address.
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 under RBI approval route subject to compliance with prescribed conditions.
Extension of permission for buyback and prepayment of Foreign Currency Convertible Bonds (FCCBs) under the approval route is allowed, provided issuers comply with previously prescribed terms and conditions; eligible applications must be submitted with supporting documents through Authorised Dealer Category I banks to the Reserve Bank of India's Foreign Exchange Department, External Commercial Borrowings Division at the designated central office address.
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