External Commercial Borrowings compliance required before raising overseas loans; ensure adherence to ECB and FEMA borrowing rules.

Borrowings from overseas must comply with the applicable External Commercial Borrowings (ECB) guidelines and the provisions of the Foreign Exchange Management (Borrowing and Lending in Foreign Exchange) Regulations, 2018, as amended, including trade credits and other foreign borrowings, with attention to eligibility, documentation, permitted uses and reporting requirements.

---

---

---