https://www.taxtmi.com/notifications?id=3745 The amendment substitutes Regulation 18 to create a tiered authorization regime for FCCBs: an automatic route for issues up to a prescribed ceiling subject to Schedule II conditions; issues above that ceiling require Reserve Bank permission in a specified form; issues beyond a higher threshold require Government approval. Schedule II sets substantive conditions for automatic issuance including conformity with FDI policy and RBI directions, permissible investors for private placements, minimum maturity, prohibition of attached warrants, composition and caps on all in costs and issue expenses, permitted uses of proceeds, repatriation rules, and mandatory post issue reporting to the Reserve Bank through an authorised dealer. en-us Thu, 07 Mar 2002 00:00:00 +0530 Wed, 15 Jul 2009 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3745 The amendment substitutes Regulation 18 to create a tiered authorization regime for FCCBs: an automatic route for issues up to a prescribed ceiling subject to Schedule II conditions; issues above that ceiling require Reserve Bank permission in a specified form; issues beyond a higher threshold require Government approval. Schedule II sets substantive conditions for automatic issuance including conformity with FDI policy and RBI directions, permissible investors for private placements, minimum maturity, prohibition of attached warrants, composition and caps on all in costs and issue expenses, permitted uses of proceeds, repatriation rules, and mandatory post issue reporting to the Reserve Bank through an authorised dealer. Notifications FEMA Thu, 07 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3745