External commercial borrowings

[GAUTAM SHARMA]

Dear all,

    Can any body explain me, how to apply for ECB under automatic route? and what are the documents & forms need to be filled. Also can a 100 percent subsy co. of foreign holding company can apply for ECB? 

[YAGAY andSUN]

Dear Gautam,

Please check the master circulars duly issued by RBI in this regard.

Regards,

Team YAGAY & SUN

(Management & Indirect Tax Consultants)

[GAUTAM SHARMA]

Dear Pradeepji,

  I have already read the whole circular, but i want to know the practical procedure for app the documentation work. It will be more helpful for me, if i practically guided by you all.

Thanks.

AI Summary

ECB automatic route compliance requires following central bank master circulars; applicants often seek practical documentation guidance. Application for External Commercial Borrowings under the ECB automatic route requires compliance with the central bank's master circular framework, completion of prescribed documents and forms, and clarification on eligibility of a wholly owned foreign subsidiary. The discussion advised consulting the master circulars for detailed rules and documentary requirements, noting that no practical procedural checklist was furnished.