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Is the minimum equity holding requirement of foreign equity holder (direct/indirect) applicable where the end uses is other than general corporate purpose/working capital/repayment of Rupee loans?

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....xternal Commercial Borrowings (ECB) and Trade Credits - As on Jun 26, 2023 - FEMA - FAQ<br>FEMA<br>Ans. The foreign equity holders as defined at Paragraph 1.11 of the Master Direction No. 5 on 'Extern....

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