https://www.taxtmi.com/circulars?id=11705 The Master Circular consolidates RBI rules under FEMA governing External Commercial Borrowings (ECB) and trade credits, delineating two routes-Automatic and Approval-with specified eligible borrowers and recognised lenders, instrument types, amount and maturity thresholds, all in cost ceilings, permitted and prohibited end uses, security and guarantee conditions, mandatory Loan Registration Number before drawdown, AD bank reporting obligations (Form 83, ECB 2), and delegated powers to AD Category I banks for certain post LRN modifications, while reserving other approvals to the Reserve Bank. en-us Mon, 02 Jul 2012 00:00:00 +0530 Tue, 03 Jul 2012 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11705 The Master Circular consolidates RBI rules under FEMA governing External Commercial Borrowings (ECB) and trade credits, delineating two routes-Automatic and Approval-with specified eligible borrowers and recognised lenders, instrument types, amount and maturity thresholds, all in cost ceilings, permitted and prohibited end uses, security and guarantee conditions, mandatory Loan Registration Number before drawdown, AD bank reporting obligations (Form 83, ECB 2), and delegated powers to AD Category I banks for certain post LRN modifications, while reserving other approvals to the Reserve Bank. Circulars FEMA Mon, 02 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11705