Regulation 18 (2)(i)

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....e of Foreign Currency Convertible Bonds (FCCBs) i. The FCCBs to be issued will have to conform to the Foreign Direct Investment Policy (including Sectoral Cap and Sectors where FDI is permissible) of the Government of India as announced from time to time and the Reserve Bank's Regulations/directions issued from time to time. ii. The issue of FCCBs shall be subject to a ceiling of U S $ 5....

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....d in the Schedule to Notification No: FEMA 3/2000-RB dated 3rd May 2000. The "all in cost" shall include coupon rate, redemption premium, default payments, commitment fees, and fronting fees, if any, but shall not include the issue related expenses such as legal fees, lead managers fees, out of pocket expenses. vii. The FCCB proceeds shall not be used for investment in Stock Market, and may be ....