https://www.taxtmi.com/circulars?id=11316 The metric for assessing ECBs from foreign equity holders is revised: the ECB liability-equity ratio replaces the debt-equity concept, counting proposed plus outstanding ECB from the same foreign equity lender as liabilities, and treating equity as paid-up capital together with free reserves and foreign currency share premium per the latest audited balance sheet (with lender-specific share premium considered where multiple foreign equity holders exist). Approval-route permissions are extended to additional service sector units, indirect equity holders meeting a controlling threshold, and group companies where borrower and lender share a parent, subject to aggregate ECB limits relative to equity. en-us Mon, 26 Sep 2011 00:00:00 +0530 Tue, 27 Sep 2011 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11316 The metric for assessing ECBs from foreign equity holders is revised: the ECB liability-equity ratio replaces the debt-equity concept, counting proposed plus outstanding ECB from the same foreign equity lender as liabilities, and treating equity as paid-up capital together with free reserves and foreign currency share premium per the latest audited balance sheet (with lender-specific share premium considered where multiple foreign equity holders exist). Approval-route permissions are extended to additional service sector units, indirect equity holders meeting a controlling threshold, and group companies where borrower and lender share a parent, subject to aggregate ECB limits relative to equity. Circulars FEMA Mon, 26 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11316