Part conversion of ECBs requires the remaining borrowing to comply fully with all applicable ECB norms and conditions. Part conversion of an External Commercial Borrowing into equity is freely permitted only when the remaining ECB amount fully complies with all applicable ECB norms, including issuance, end use, maturity and other relevant guidelines applicable to the residual borrowing.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Part conversion of ECBs requires the remaining borrowing to comply fully with all applicable ECB norms and conditions.
Part conversion of an External Commercial Borrowing into equity is freely permitted only when the remaining ECB amount fully complies with all applicable ECB norms, including issuance, end use, maturity and other relevant guidelines applicable to the residual borrowing.
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