https://www.taxtmi.com/circulars?id=2104 Conversion of ECBs and lump sum fees/royalties into equity is allowed under general permission provided the activity qualifies under the automatic route or has prior government approval, post conversion foreign equity remains within sectoral caps, share pricing complies with prescribed guidelines, and other statutory requirements are met. The facility applies to ECBs regardless of repayment status (excluding import payables). Reporting requires FC GPR to the Reserve Bank regional office and ECB 2 to the Bank's statistical department with specified markings and timelines for full and partial conversions. en-us Fri, 01 Oct 2004 00:00:00 +0530 Sat, 04 Oct 2008 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2104 Conversion of ECBs and lump sum fees/royalties into equity is allowed under general permission provided the activity qualifies under the automatic route or has prior government approval, post conversion foreign equity remains within sectoral caps, share pricing complies with prescribed guidelines, and other statutory requirements are met. The facility applies to ECBs regardless of repayment status (excluding import payables). Reporting requires FC GPR to the Reserve Bank regional office and ECB 2 to the Bank's statistical department with specified markings and timelines for full and partial conversions. Circulars FEMA Fri, 01 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2104