https://www.taxtmi.com/circulars?id=11315 Direct foreign equity holders with at least 25% holding and indirect foreign equity holders holding at least 51% of paid-up capital may provide credit enhancement to Indian infrastructure companies and Infrastructure Finance Companies under the External Commercial Borrowings framework; such credit enhancement by eligible non-resident entities is permitted on the automatic route with no prior Reserve Bank approval, while all other terms and conditions of the earlier circular remain unchanged and the amendment is effective immediately. en-us Mon, 26 Sep 2011 00:00:00 +0530 Tue, 13 Jan 2026 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11315 Direct foreign equity holders with at least 25% holding and indirect foreign equity holders holding at least 51% of paid-up capital may provide credit enhancement to Indian infrastructure companies and Infrastructure Finance Companies under the External Commercial Borrowings framework; such credit enhancement by eligible non-resident entities is permitted on the automatic route with no prior Reserve Bank approval, while all other terms and conditions of the earlier circular remain unchanged and the amendment is effective immediately. Circulars FEMA Mon, 26 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11315