https://www.taxtmi.com/notifications?id=25233 Authorises foreign currency borrowings as bridge finance for successful spectrum reauction bidders to make upfront payments, permitting refinancing by fresh foreign currency borrowings under the Act and regulations subject to Reserve Bank-specified terms. Exempts such bridge finance from sub-paragraph (v) of paragraph 1 and allows refinancing of rupee loans used for upfront payments without application of the repayment restriction in sub-paragraph (iv)(B); permits borrowings from the ultimate parent company subject to Reserve Bank conditions. en-us Mon, 12 Nov 2012 00:00:00 +0530 Mon, 26 Nov 2012 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=25233 Authorises foreign currency borrowings as bridge finance for successful spectrum reauction bidders to make upfront payments, permitting refinancing by fresh foreign currency borrowings under the Act and regulations subject to Reserve Bank-specified terms. Exempts such bridge finance from sub-paragraph (v) of paragraph 1 and allows refinancing of rupee loans used for upfront payments without application of the repayment restriction in sub-paragraph (iv)(B); permits borrowings from the ultimate parent company subject to Reserve Bank conditions. Notifications FEMA Mon, 12 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/notifications?id=25233