https://www.taxtmi.com/circulars?id=52392 ECB from foreign equity holders are permitted under the approval route for general corporate purposes with a minimum average maturity of seven years. Conditions: lender must directly hold at least 25% of paid up equity; proceeds cannot be applied to purposes prohibited by ECB guidelines, including on lending to group entities or step down subsidiaries in India; and principal repayment begins only after the seven year minimum average maturity with no prepayment before maturity. Other ECB provisions remain unchanged. en-us Wed, 04 Sep 2013 00:00:00 +0530 Wed, 04 Sep 2013 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52392 ECB from foreign equity holders are permitted under the approval route for general corporate purposes with a minimum average maturity of seven years. Conditions: lender must directly hold at least 25% of paid up equity; proceeds cannot be applied to purposes prohibited by ECB guidelines, including on lending to group entities or step down subsidiaries in India; and principal repayment begins only after the seven year minimum average maturity with no prepayment before maturity. Other ECB provisions remain unchanged. Circulars FEMA Wed, 04 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52392