https://www.taxtmi.com/acts?id=8433 The scheme requires that interest and foreign currency issue expenses on Foreign Currency Exchangeable Bonds comply with the Reserve Bank's all in cost ceiling. At issuance, the exchange price must be at least the higher of two averages of weekly high low closing prices over specified six month and two week periods before the relevant date (board authorization). Bonds must have a minimum five year maturity; the exchange option is exercisable before redemption and mandates delivery of the offered shares with no cash settlement permitted. en-us Wed, 20 Feb 2008 14:30:53 +0530 Thu, 19 Jun 2025 16:22:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8433 The scheme requires that interest and foreign currency issue expenses on Foreign Currency Exchangeable Bonds comply with the Reserve Bank's all in cost ceiling. At issuance, the exchange price must be at least the higher of two averages of weekly high low closing prices over specified six month and two week periods before the relevant date (board authorization). Bonds must have a minimum five year maturity; the exchange option is exercisable before redemption and mandates delivery of the offered shares with no cash settlement permitted. Act-Rules FEMA Wed, 20 Feb 2008 14:30:53 +0530 https://www.taxtmi.com/acts?id=8433