https://www.taxtmi.com/circulars?id=52605 Resident entities authorised by the Government of India may issue tax-free, secured, redeemable, non-convertible bonds in Rupees to persons resident outside India; proceeds may be used only for on-lending/re-lending to the infrastructure sector or placed in fixed deposits with banks in India pending utilisation, pursuant to amendments to the Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations and under the authority of the Foreign Exchange Management Act, 1999. en-us Tue, 24 Dec 2013 00:00:00 +0530 Tue, 24 Dec 2013 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52605 Resident entities authorised by the Government of India may issue tax-free, secured, redeemable, non-convertible bonds in Rupees to persons resident outside India; proceeds may be used only for on-lending/re-lending to the infrastructure sector or placed in fixed deposits with banks in India pending utilisation, pursuant to amendments to the Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations and under the authority of the Foreign Exchange Management Act, 1999. Circulars FEMA Tue, 24 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52605