TaxTMI 
TaxTMI 
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?
External commercial borrowings
03 Jun 2014 
2 Replies 
2100 Views Asked by
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. (AI Summary)
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. (AI Summary)