https://www.taxtmi.com/circulars?id=54903 Designated Authorised Dealer Category I banks are empowered to approve extensions of matured but unpaid External Commercial Borrowings and conversions of such borrowings into equity, provided there is no additional cost, lender consent is obtained, and reporting requirements are fulfilled; conversions must comply with existing conversion terms and, where the borrower has other banking credit, are subject to prudential restructuring guidelines and coordination or consent of other lenders. en-us Thu, 20 Oct 2016 00:00:00 +0530 Fri, 21 Oct 2016 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54903 Designated Authorised Dealer Category I banks are empowered to approve extensions of matured but unpaid External Commercial Borrowings and conversions of such borrowings into equity, provided there is no additional cost, lender consent is obtained, and reporting requirements are fulfilled; conversions must comply with existing conversion terms and, where the borrower has other banking credit, are subject to prudential restructuring guidelines and coordination or consent of other lenders. Circulars FEMA Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54903