Regulatory power over issuance of foreign convertible bonds allows RBI, with government, to change issuance rules for FCCBs and FCEBs. The amendment adds provisos to Regulation 21 allowing the Reserve Bank, in consultation with the Government of India, to change or prescribe any provision or proviso for issuance of foreign currency convertible bonds (FCCBs) and foreign currency exchangeable bonds (FCEBs), including modifications applicable to both the automatic route and the approval route; the Regulations are titled as the 2015 amendment and come into force on publication in the Official Gazette.
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.
Regulatory power over issuance of foreign convertible bonds allows RBI, with government, to change issuance rules for FCCBs and FCEBs.
The amendment adds provisos to Regulation 21 allowing the Reserve Bank, in consultation with the Government of India, to change or prescribe any provision or proviso for issuance of foreign currency convertible bonds (FCCBs) and foreign currency exchangeable bonds (FCEBs), including modifications applicable to both the automatic route and the approval route; the Regulations are titled as the 2015 amendment and come into force on publication in the Official Gazette.
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