ECB reporting obligations require filing Form ECB 2 through an authorised dealer to the designated unit, noncompliance risks penal action. Borrowers must report actual ECB transactions on Form ECB 2 via an Authorised Dealer Category I bank to the designated submission unit, completing all ... Summary
ECB reporting obligations require filing Form ECB 2 through an authorised dealer to the designated unit, noncompliance risks penal action.
Borrowers must report actual ECB transactions on Form ECB 2 via an Authorised Dealer Category I bank to the designated submission unit, completing all fields and indicating non applicable items; filings must follow prescribed periodicity, reach the designated unit within seven working days of month end, and reflect any changes in ECB parameters, noncompliance may attract penal action under FEMA.
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