TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Amends Foreign Exchange Regulations: Indian Firms Can Issue FCCBs Up to $50M Automatically, New Reporting Rules Added.</h1> The Reserve Bank of India issued the Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Fourth Amendment) Regulations, 2002, amending the 2000 regulations. The amendments allow Indian companies or statutory bodies to issue Foreign Currency Convertible Bonds (FCCBs) up to US $50 million automatically, with issues exceeding this amount requiring Reserve Bank or government approval. The regulations stipulate conditions for FCCB issuance, including adherence to foreign direct investment policies, a minimum maturity period, and restrictions on use of proceeds. The amendments also introduce a new schedule detailing the automatic route for FCCB issuance and reporting requirements to the Reserve Bank.
TaxTMI 
TaxTMI 
