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<h1>Detailed Requirements for External Commercial Borrowings Under FEMA 1999: Forms, Certifications, and Reporting Explained</h1> The application and reporting requirements for External Commercial Borrowings (ECB) under the Foreign Exchange Management Act, 1999. Indian companies can access funds through ECB, Foreign Currency Convertible Bonds, preference shares, and Foreign Currency Exchangeable Bonds via Automatic or Approval Routes. It specifies the use of Form ECB for loan registration, ECB 2 Return for transaction reporting, and Form TC for trade credit details. The form requires comprehensive borrower and lender information, loan details, and reporting of transactions. It mandates certification by a Company Secretary or Chartered Accountant and submission to the Reserve Bank of India.