https://www.taxtmi.com/circulars?id=57434 ECB policy liberalisation permits manufacturers to raise ECBs at the existing small ticket limit with a reduced minimum average maturity of one year, while Indian banks are authorised to act as arrangers, underwriters, market makers and traders for Rupee denominated bonds issued overseas, subject to applicable prudential norms. All other ECB provisions remain unchanged and the Master Direction is being updated; AD Category I banks must notify constituents. The directions are issued under the Foreign Exchange Management Act and do not affect other statutory approvals. en-us Wed, 19 Sep 2018 00:00:00 +0530 Wed, 19 Sep 2018 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57434 ECB policy liberalisation permits manufacturers to raise ECBs at the existing small ticket limit with a reduced minimum average maturity of one year, while Indian banks are authorised to act as arrangers, underwriters, market makers and traders for Rupee denominated bonds issued overseas, subject to applicable prudential norms. All other ECB provisions remain unchanged and the Master Direction is being updated; AD Category I banks must notify constituents. The directions are issued under the Foreign Exchange Management Act and do not affect other statutory approvals. Circulars FEMA Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57434