https://www.taxtmi.com/news?id=905 The ECB policy permits integrated township financing under the Approval route until December 2009 and removes the prior 3:1 direct lending condition for eligible lenders to NBFCs effective July 1, 2009, while continuing Approval-route scrutiny. SEZ developers may obtain ECBs for infrastructure within SEZs but not for integrated township or commercial real estate. Corporates under investigation for ECB violations are barred from the Automatic route and must seek ECBs under Approval. Other operational ECB provisions remain unchanged; amendments take effect on RBI notification under FEMA, 1999. en-us Wed, 01 Jul 2009 15:50:36 +0530 Wed, 01 Jul 2009 15:50:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=905 The ECB policy permits integrated township financing under the Approval route until December 2009 and removes the prior 3:1 direct lending condition for eligible lenders to NBFCs effective July 1, 2009, while continuing Approval-route scrutiny. SEZ developers may obtain ECBs for infrastructure within SEZs but not for integrated township or commercial real estate. Corporates under investigation for ECB violations are barred from the Automatic route and must seek ECBs under Approval. Other operational ECB provisions remain unchanged; amendments take effect on RBI notification under FEMA, 1999. News - Wed, 01 Jul 2009 15:50:36 +0530 https://www.taxtmi.com/news?id=905