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Application and Reporting of loan agreement details under Foreign Exchange Management Act, 1999
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....nbsp;A.P. (DIR Series) Circular No. 17 dated 16-01-2019 before it was read as, "Form 83 (In word format) Form 83 (In PDF format) Reporting of loan agreement details under Foreign Exchange Management Act, 1999 OLD Form 83 Reporting of loan agreement details under Foreign Exchange Management Act, 1999 (for all categories and any amount of ECB) Instructions: * The borrower is required to submit completed Form 83, in duplicate, certified by the Company Secretary (CS) or Chartered Accountant (CA) to the designated Authorised Dealer (AD). One copy is to be forwarded by the designated AD to the Director, Balance of Payments Statistics Division, Department of Statistical Analysis and Computer Services (DESACS), Reserve Bank of India, Bandra-Kurla Complex, Mumbai - 400 051 within 7 days from the date of signing loan agreement between borrower and lender for allotment of loan registration number. * Do not leave any column blank. Furnish complete particulars against each item. Where any particular item is not applicable write "N.A." against it. * All dates should be in format YYYY/MM/DD, such as 2004/01/21 for January 21, 2004. * Before fo....
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.... E-mail ID : (For RBI DESACS use) (For RBI DESACS use) Borrower's Category (Tick in appropriate box) Lender's Category Public Sector Unit Private Sector Unit Detailed category (tick below) Multi-lateral Institution Bank Foreign Government (Bilateral Agency) NBFC Reg. No. Export Credit / Insurance Institution Financial Institution (Other than NBFC) Indian Commercial Bank branch working abroad Corporate Other Commercial Bank Other (Specify) Supplier of Goods Leasing Company / Finance Company Foreign Collaborator / Foreign Equity Holder (with details of amount and percentage holding in the paid-up equity capital of the borrower company) International Capital Market Other (Specify) Plea....
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....nbsp; Reason: Hedging risks using Interest rate swap Currency swap Others (specify) Part C: Schedule of transactions Interest Payment Schedule: First Payment Date / / Number of Payments in a Year Fixed Rate . Floating Rate: Base Margin Cap Rate: Floor Rate: Schedule of Draw Down Tranche No Date (YYYY/MM/DD) (Please see note below) Currency Amount If more than one equal installments Total Number of drawals No.of drawals in a calendar year Note: 1. In the case of import of goods or services, date of import may be furnished against date of draw down. 2.In the case of financial lease date of acquisition (import) of t....
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.... 2001-02 * net of repayments, if any, on the date of application. We hereby certify that the particulars given above are true and correct to the best of our knowledge and belief. No material information has been withheld and / or misrepresented. Place : ___________ Date : ___________ Stamp Stamp _______________________________________________ (Signature of the Authorised Official of the Company) Name : ________________ Designation : ____________ _______________________________________________ (Signature of Company Secretary / Chartered Accountant) Name : ________________________________________ [For use of Authorised Dealer] We certify that the borrower is our customer and the particulars given in this form are true and correct to the best of our knowledge and belief. Place : ___________ Date : ___________ Stamp ___________________________________ (Signature of Authorised Official) Name : ______________________________ Designation : Name of the bank/branch _______________ Ban....
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....; MACHINERY & TOOLS (440) TEXTILE MACHINERY 441 AGRICULTURAL MACHINERY 442 MACHINE TOOLS 443 OTHERS 449 METAL & METAL PRODUCTS (450) FERROUS (IRON & STEEL) 451 NON-FERROUS 452 SPECIAL ALLOYS 453 OTHERS 459 ELECTRICAL, ELECTRONIC GOODS & MACHINERY (460) ELECTRICAL GOODS 461 CABLES 462 COMPUTER HARDWARE & COMPUTER BASED SYSTEMS 463 ELECTRONIC VALVES, TUBES & OTHERS 464 OTHERS 469 CHEMICALS & ALLIED PRODUCTS (470) FERTILIZERS 471 DYES & DYES STUFF 472 MEDICINES & PHARMACEUTICALS 473 PAINTS & WARNISHING 474 SOAPS, DETERGENTS, SHAMPOOS, SHAVING PRODUCT 475 OTHERS 479 OTHERS of Manufacturing (480) CEMENT 481 OTHER BUILDING MATERIALS 482 LEATHER & LEATHER PRODUCTS 483 WOOD PRODUCTS 484 RUBBER GOODS 485 PAPER & PAPER PRODUCTS 486 TYPEWRITERS & OTHER OFFICE EQUIPMENT 487 PRINTING & PUBLISHING 488 MISCELLANEOUS 489 TRADING 500 CONSTRUCTION & TURN KEY PROJECTS 600 TRANSPORT 700....
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....activity Refinancing of rupee loans 11 RB Redemption of FCCBS 12 IF Infrastructure development 13 RC Working capital/ general corporate purpose 7. To be submitted in duplicate by the borrower to designated Authorised Dealer (AD) for all categories and any amount of external commercial borrowing (ECB). After examining conformity with the extant ECB guidelines, the AD may provide requisite details in the Summary Sheet of the Form and forward one copy (within 7 days from the date of signing loan agreement between borrower and lender) for allotment of Loan Registration Number (LRN) to: 83 Amended vide AP (DIR Series) Circular No.17 dated January 16, 2019. The Form ECB and Form 83 have been replaced by only a single Form ECB. 63 The Director External Commercial Borrowings Division Department of Statistics and Information Management (DSIM) Reserve Bank of India C-9 Bandra-Kurla Complex Mumbai - 400 051 Agreement Details (To be filled by borrowers of External Commercial Borrowings) ECB application Form In case of Revised Original FCY ECB Revised INR ECB Loan Registration Number allotted ECB under Approval Route Whether requires clearance from any sta....
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....edging details (Tick Currency Swap one) Interest Rate Swap Others Unhedged Hedging percentage Financial Hedge (proposed) Natural Hedge Total Hedge 65 In case options are provided in the loan agreement (tick in the appropriate box) Call Option Put Option per cent of Can be executed after date Debt per cent of Debt Can be executed after date Name and address of the Guarantor (in Block letters) Contact Official's Name: Designation Phone No.: Fax No.: E-mail id: Guarantee Status Code: Nature and details of security, if any End-use (% share if more than one end-use): (i) Borrowing Purpose Code Amount Percentage (ii) Borrowing Purpose Code Amount Percentage (iii) Borrowing Purpose Code Amount Percentage Project Details (Name, Location and Cost): If import, specify the Country of import (if more than one country, attach details as Annex): Industry Code (as per NIC-2008) Type of ECB (Tick in appropriate box) 1.Buyers' Credit 3.Suppliers' Credit 5.Line of Credit 7.Financial Lease 2.Commercial Loan / Syndicated Loan (attach sheet for percentage distribution among lenders) 4.Export Credit from Bilateral Sources 6. Securitized Instruments (Bo....
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....ne (ii) Permissible under Automatic end-use) (iii) Route === Approved by Foreign Exchange Department, RBI under Approval Route 2 Average Maturity Years Months Cost Factors (%) Fixed Rate Loan Margin Floating Rate Loan (spread) Base over base a) Interest Rate b) All-in-cost In case of loan from 'Foreign Equity Holder', it is confirmed that ECB liability: Equity ratio (7:1) criteria is satisfied. Further, in case of working capital/general corporate purpose/ repayment of rupee loans end-use, it is confirmed that equity holding of lender is at least 25 per cent (direct)/ 51 per cent (indirect) of the paid-up equity or the lender is a group company with common overseas parent. 5 Borrower has given written undertaking to AD to the effect that it has been submitting ECB-2 Returns regularly to RBI in respect of past ECB/FCCB loans) 6 Security provided, if any Yes/ Not Applicable 7 Other important facts relevant for the allotment of LRN Place: Date: (Signature of Company Secretary/Chartered Accountant with stamp) Name: Registration No. We certify that the borrower is our customer and the particulars given this Form are true and correct to the ....
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....rnment Organization (NGO) Micro Finance Institution (MFI) Other s (Specify) Part B : Lender details Name and address of the lender/ less o r /foreign supplier ( in BLOCK l etters) Country: E-mail ID : (No item should be left blank) Lender Category (Tick one) Multilateral Financial Institution Foreign Government (Bilateral Agency) Export Credit Agency Indian Commercial Bank branch abroad Other Commercial Bank Supplier of Equipment Leasing Company Foreign Collaborator / Foreign Equity Holder International Capital Market Regional Financ ial Institution Government Owned Development Financial Institution Other s (Specify) Details of foreign equity hold ing of the lender in the borrower company: Share in paid-up equity of the borrower (%) Amount of paid-up capital ECB-Liability: equity ratio in case of borrowings above USD 5 million from foreign equity holder : Part C : L oan D etails Loan Agreement Date ( YYYY/MM/DD) / / Effective Date of the Loan / / Last Date of Disbursement / / Maturity Date (Last payment date) / / Grace Period (if in agreement) Years Months Currency Name 1. 2. 3 . Currency Code (SWIFT) Amount (in Foreign Currency) 1. 2. 3. Equivalent Amount (in US Dollars) (as on da....
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.... calendar year # If repayment is in unequal instalments, details should be given in Annex. Part D: Other Charges Specify Nature of charge Expected Date of Payment Currency Amount In case of multiple equal payments No. of payments in a year Total number of payments P e n a l Interest for late payments Fixed % or Base: Margin: Commitment Charges % per annum of: % of Undrawn Amount: Part E: Details of ECB already availed (not applicable for the first - time borrower) Year Loan Reg . No. (LRN) Currency Amount of Loan Principal (as per agreement) D isbursed so far Net outstanding (Principal) We hereby certify that the particulars given above are true and correct to the best of our knowledge and belief and n o material inf ormation has been withheld and/ or misrepresented. Furthermore, the ECB is in compliance with the extant ECB guidelines. Place: __________ ______________________________________________ _____ (Signature of the Authorised Official of the Company) Date: ___________ Stamp Name: ______ ________________ Designation:______________ Place:_____________ ______________________________________________ _____ (Signature of Company Secretary/ Chartered Accountant) Date:_____________....
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....fied by both the borrower and AD. The borrower should give a brief description of his business activity (whether in manufacturing/ trade/ provide services etc.) for the AD’s use. Before forwarding the Form to the Reserve Bank of India , AD must ensure that the form is complete in all respect s and scrutini s e all the related original documents at its end . Incomplete Forms are liable to be rejected/returned by RBI to AD. Firms/ companies obtaining sub-loans through DFIs/ FIs/ banks/ NBFCs etc. should not complete this form but approach the concerned financial institutions directly for reporting. Following codes are for use in filling Part C of the Form: Box 1 : Guarantee Status Code Box II: Borrowing Purpose Code Sr.No. Code Description Sr.No. Code Description 1 GG Govt. of India guarantee 1 IC Import of capital goods 2 CG Public Sector guarantee 2 RL Local sourcing of capital goods (Rupee expenditure) 3 PB Public Sector Bank guarantee 3 SL On-lending or sub-lending 4 FI Financial Institution guarantee 4 RF Refinancing of earlier ECB 5 MB Multilateral/ Bilateral Institution guarantee 5 NP New Project 6 PG Private Bank guarantee 6 ME Modernisation/Expansion of existing units....
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.... services 917 Transport services 919 Others 950 Others (not elsewhere classified) 999 Document 3 Form-83 (Reporting of loan agreement details under Foreign Exchange Management Act, 1999) To be submitted in duplicate by the borrower to designated Authorised Dealer (AD) for all categories and any amount of external commercial borrowing (ECB). After examining conformity with the extant ECB guidelines, the AD may provide requisite details in Part F of the Form and forward one copy (within 7 days from the date of signing loan agreement between borrower and lender) for allotment of Loan Registration Number (LRN) to: The Director Balance of Payments Statistics Division Department of Statistics and Information Management (DSIM) Reserve Bank of India C-8-9 Bandra-Kurla Complex Mumbai - 400 051 Agreement Details (To be filled by borrowers of External Commercial Borrowings) ECB under (Tick one) >> Automatic Route In case of Approval Route Approval Route No. and Date of RBI-FED approval: (attach copy of approval letter) Loan Key Number (allotted by RBI) Earlier Loan Registration No. (Applicable only for Revised Form-83) Name and address of the Borrower (in BLOCK letters) ....
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....Status Code (as per Box 1): Borrowing Purpose Code (as per Box 2): (In case of multiple purpose, give break up of amount to be utilised under each purpose as Annex) Project Details: If import, specify the Country of import (if more than one country, attach details as Annex): Economic Sector/ Industry Code (See Box-3) Type of ECB (Tick in appropriate box) 1.Buyers' Credit 3.Suppliers' Credit 5.Line of Credit 7.Financial Lease 2.Commercial Loan / Syndicated Loan (attach sheet for percentage distribution among lenders) 4.Export Credit from Bilateral Sources 6.Securitised Instruments (Bonds, CP, FRN, etc.) 8.FCCB, FCEB, Non-Convertible Preference Shares, Optionally Convertible Preference Shares, Partially Convertible Preference Shares 9.Refinancing of old ECBS LRN of the old ECB: Amount refinanced: 10.Others (Specify) Interest Payment Schedule First Payment Date Fixed Rate Floating Rate Base with currency Drawdown Schedule Tranche Date* No. (YYYY-MM-DD) Approval No. Reason: Date of Approval: / No. of payments per year Margin Currency Amount Cap Rate Floor Rate If more than one equal installment# Total No. of drawals No. of drawals in a calenda....
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....BI/FCTRS return taken on record) - b) Including the proposed borrowing, the “ECB Liability – Equity Ratio" (4:1) criteria is satisfied for borrowings of more than US $ 5 million 5 Borrower has given written undertaking to AD to the effect that it has been submitting ECB-2 Returns regularly to RBI in respect of past ECB/FCCB loans) Yes/ Not Applicable 6 Other important facts relevant for the allotment of LRN We certify that the borrower is our customer and the particulars given in this Form are true and correct to the best of our knowledge and belief. This application complies with the extant ECB guidelines and we recommend it for allotment of Loan Registration Number (LRN) by RBI. Place: Date: Stamp (Signature of the Authorised Official) Name: Designation: Name of the bank/branch AD Code (Part I and Part II): Tel,No.: e-mail ID: Fax No. For RBI (DSIM) Use only CS-DRMS Team Received on Action Taken on Loan Classification LRN (if allotted) Instructions for Submitting Form 83 1. All dates should be in the format YYYY/MM/DD (e.g., 2012/01/21 for January 21, 2012). 2. No item should be left blank. In case, any item is not applicable, writ....