Foreign Currency Exchangeable Bonds: promoter-group issuers may issue FCEBs to non-residents subject to RBI approval and conditions. A regulatory framework authorises promoter-group issuing companies to issue Foreign Currency Exchangeable Bonds to non-residents with prior Reserve Bank approval, subject to eligibility of the issuing and offered companies, subscriber compliance with foreign direct investment policy, restrictions on entities barred from securities markets, limitations on end-use of proceeds (no investment in Indian capital markets or real estate by promoter group recipients), adherence to all-in-cost ceilings, prescribed pricing and minimum maturity, mandatory delivery of shares on exchange, and ECB-style reporting and audit trail requirements.
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.
Foreign Currency Exchangeable Bonds: promoter-group issuers may issue FCEBs to non-residents subject to RBI approval and conditions.
A regulatory framework authorises promoter-group issuing companies to issue Foreign Currency Exchangeable Bonds to non-residents with prior Reserve Bank approval, subject to eligibility of the issuing and offered companies, subscriber compliance with foreign direct investment policy, restrictions on entities barred from securities markets, limitations on end-use of proceeds (no investment in Indian capital markets or real estate by promoter group recipients), adherence to all-in-cost ceilings, prescribed pricing and minimum maturity, mandatory delivery of shares on exchange, and ECB-style reporting and audit trail requirements.
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