When ECB is partially converted into equity, should the remaining ECB amount comply with all the ECB guidelines?

When ECB is partially converted into equity, should the remaining ECB amount comply with all the ECB guidelines? https://www.taxtmi.com/manuals?id=5865 Part conversion of an External Commercial Borrowing into equity is freely permitted only when the remaining ECB amount fully complies with all applicable ECB norms, including issuance, end use, maturity and other relevant guidelines applicable to the residual borrowing. en-us Thu, 21 Nov 2024 14:28:00 +0530 Thu, 21 Nov 2024 14:28:00 +0530 TaxTMI RSS Generator When ECB is partially converted into equity, should the remaining ECB amount comply with all the ECB guidelines? https://www.taxtmi.com/manuals?id=5865 Part conversion of an External Commercial Borrowing into equity is freely permitted only when the remaining ECB amount fully complies with all applicable ECB norms, including issuance, end use, maturity and other relevant guidelines applicable to the residual borrowing. Manuals FEMA Thu, 21 Nov 2024 14:28:00 +0530 https://www.taxtmi.com/manuals?id=5865