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Issue of Foreign Currency Convertible Bonds(FCCBs)
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....tion of authorised dealers is invited to sub-regulation (2) of Regulation 18 of the Reserve Bank Notification No.FEMA19/RB-2000 dated 3rd May 2000, in terms of which an Indian company or a body corporate, created by an Act of Parliament may issue FCCBs to a person resident outside India, on obtaining an approval from the Government. 2. With a view to liberalise the capital account transactions, ....