https://www.taxtmi.com/acts?id=2253 Regulation 8 permits funds raised abroad through External Commercial Borrowings or ADRs/GDRs to be held in foreign currency deposit accounts outside India pending utilisation or repatriation, subject to compliance with raising conditions. Deposits accepted by issue of Commercial Paper to a Non-Resident Indian or a Foreign Institutional Investor require compliance with RBI directions and other laws, receipt of payment by inward remittance or from an NRI deposit account maintained under RBI regulations, are not eligible for repatriation outside India, and the Commercial Paper is not transferable. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 20 Jun 2025 11:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2253 Regulation 8 permits funds raised abroad through External Commercial Borrowings or ADRs/GDRs to be held in foreign currency deposit accounts outside India pending utilisation or repatriation, subject to compliance with raising conditions. Deposits accepted by issue of Commercial Paper to a Non-Resident Indian or a Foreign Institutional Investor require compliance with RBI directions and other laws, receipt of payment by inward remittance or from an NRI deposit account maintained under RBI regulations, are not eligible for repatriation outside India, and the Commercial Paper is not transferable. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2253