https://www.taxtmi.com/news?id=293 The Scheme permits promoter-group Indian companies to issue Foreign Currency Exchangeable Bonds to non-resident investors, exchangeable into equity of a listed group company; issuance, exchange pricing, and tax treatment follow the FCEB Scheme. The Offered Company must be listed and eligible under FDI and ECB policies. Proceeds must comply with FDI and ECB requirements, may be invested in promoter group companies for permitted end uses (excluding capital market and real estate investments in India), or used for overseas direct investment under existing outbound guidelines. Interest and issue costs must observe the ECB all in cost ceiling, and bonds have a mandatory minimum maturity with an exchange option exercisable prior to redemption. en-us Sat, 16 Feb 2008 14:46:00 +0530 Tue, 24 Jun 2008 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=293 The Scheme permits promoter-group Indian companies to issue Foreign Currency Exchangeable Bonds to non-resident investors, exchangeable into equity of a listed group company; issuance, exchange pricing, and tax treatment follow the FCEB Scheme. The Offered Company must be listed and eligible under FDI and ECB policies. Proceeds must comply with FDI and ECB requirements, may be invested in promoter group companies for permitted end uses (excluding capital market and real estate investments in India), or used for overseas direct investment under existing outbound guidelines. Interest and issue costs must observe the ECB all in cost ceiling, and bonds have a mandatory minimum maturity with an exchange option exercisable prior to redemption. News - Sat, 16 Feb 2008 14:46:00 +0530 https://www.taxtmi.com/news?id=293