Para 2 - Definitions - Issue of Foreign Currency Exchangeable Bonds Scheme, 2008

2. Definitions.- In this scheme, unless the context otherwise requires,- (a) "Foreign Currency Exchangeable Bond" means a bond expressed in foreign currency, the principal and interest in respect of which is payable in foreign currency, issued by an Issuing Company and subscribed to by a person who is a resident outside India in foreign currency and exchangeable into equity share of another company, to be called the Offered Company, in any manner, either wholly, or partly or on the basis of any equity related warrants attached to debt instruments. (b) "Issuing Company" means an Indian company as defined in the Companies Act, 1956 (1 of 1956), which is eligible to issue Foreign Currency Exchangeable Bond. (c) "Offered Company" means an Indian company as defined in the Companies Act, 1956 (1 of 1956) whose equity share/s shall be offered in exchange of the Foreign Currency Exchangeable Bond. (d) "Promoter Group" has the same meaning as defined in the Securities and Exchange Board of India (Disclosure and investor Protection) Guidelines, 2000.