https://www.taxtmi.com/circulars?id=54988 Startups recognised by the Central Government may raise ECBs with minimum average maturity of three years from recognised lenders resident in FATF or FATF-style regional body jurisdictions, excluding specified overseas Indian bank entities. Borrowings may be loans or certain preference shares, denominated in freely convertible currencies or INR (with INR mobilisation via AD Category-I banks), subject to an annual per-Startup cap, mutually agreed all-in-cost, permissible end-uses, conversion to equity under foreign investment rules, borrower-determined security subject to FDI norms, and hedging options for INR exposure; most ECB framework provisions apply except leverage and ECB-liability:equity ratios. en-us Thu, 27 Oct 2016 00:00:00 +0530 Fri, 28 Oct 2016 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54988 Startups recognised by the Central Government may raise ECBs with minimum average maturity of three years from recognised lenders resident in FATF or FATF-style regional body jurisdictions, excluding specified overseas Indian bank entities. Borrowings may be loans or certain preference shares, denominated in freely convertible currencies or INR (with INR mobilisation via AD Category-I banks), subject to an annual per-Startup cap, mutually agreed all-in-cost, permissible end-uses, conversion to equity under foreign investment rules, borrower-determined security subject to FDI norms, and hedging options for INR exposure; most ECB framework provisions apply except leverage and ECB-liability:equity ratios. Circulars FEMA Thu, 27 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54988