On 16 May, the Reserve Bank of India (RBI) issued a circular simplifying the procedure for external commercial borrowings (ECBs) from foreign equity holders. Under the extant procedure, ECBs from indirect equity holders and group companies and ECBs from direct foreign equity holders for general corporate purposes require prior RBI approval. Even a request to change the ECB lender requires RBI approval.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.
