https://www.taxtmi.com/circulars?id=2168 OCBs were derecognised as an eligible class of investor and therefore cannot be treated as recognised lenders for external commercial borrowing; borrowings from or loans to OCBs are impermissible, outstanding facilities were not to be renewed and no interest accrues after the due date; Authorised Dealer banks must notify constituents and ensure compliance with this statutory direction. en-us Fri, 12 May 2006 00:00:00 +0530 Fri, 03 Oct 2008 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2168 OCBs were derecognised as an eligible class of investor and therefore cannot be treated as recognised lenders for external commercial borrowing; borrowings from or loans to OCBs are impermissible, outstanding facilities were not to be renewed and no interest accrues after the due date; Authorised Dealer banks must notify constituents and ensure compliance with this statutory direction. Circulars FEMA Fri, 12 May 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2168