External Commercial Borrowings (ECB) in Indian Rupees

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....ks is invited to Regulation 6 of Notification No. FEMA.3/2000-RB dated May 03, 2000 in terms of which persons resident in India may raise foreign currency loans from non-residents in accordance with the provisions contained in this Notification. Their attention is also invited to paragraph 2(ii)(a) of AP (DIR Series) Circular No. 27 dated September 23, 2011 in terms of which all eligible borrowers....

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....ognised ECB lender, if it desires, may set up a representative office in India following the prescribed laid down process. 4.  It may be noted that the hedging arrangement for ECBs denominated in Indian Rupees extended by non-resident equity-holders shall continue to be governed by the provisions of AP (DIR Series) Circular No. 63 dated December 29, 2011. 5.  AD Category-I banks ma....