Regulation 6 [Old Schedule] - Conditions of Raiseing Foreign Currency Loans

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....otification No. 126/2004 dated 13/12/2004  Not Effective Now SCHEDULE [See Regulation 6] Conditions of Raiseing Foreign Currency Loans 1. The borrowing in foreign exchange by a person resident in India may be under any of the Schemes set out in this Schedule. (i) Eligibility (a) Any company registered under the Companies Act, 1956, other than a financial intermediar....

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....n I of Schedule I, by a non-government organisation engaged in micro-finance activities shall not exceed USD 5 million or equivalent during a financial year (April - March). (iv) A. (c) (d) any other eligible purpose as specified by the Reserve Bank. 2. The application for the approval of the Reserve Bank under Regulation 6 for borrowing under any of the Schemes shall be made in Form ECB ....

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....edit is more than six months but less than three years. b. Foreign currency loan/credit extended to an importer in India for financing imports into India, by any bank or financial institution outside India, provided the period of maturity of loan/credit is less than three years. ii. Borrowing under US dollar Five Million Scheme Borrowing in foreign exchange upto US$ Five Million or ....

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....dian entity for financing infrastructure project, provided that the minimum average maturity of loan is not less than three years. b. Borrowings by Exporter/Foreign Exchange Earner Borrowing in foreign exchange by an exporter/foreign exchange earner upto three times of the average amount of his annual foreign exchange earnings during the previous three years subject to a maximum of US$ Ten m....