External Commercial Borrowings (ECB) for Overseas Direct Investment/Mergers and Acquisitions

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..... To All Authorised Dealers in Foreign Exchange Madam / Sirs, External Commercial Borrowings (ECB) for Overseas Direct Investment/Mergers and Acquisitions Authorised Dealers' attention is invited to the revised External Commercial Borrowings (ECB) guidelines issued vide A.P. (DIR Series) Circular No.60 dated January 31, 2004. 2. With a view to enable Indian corporates to become globa .....

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..... dated December 06, 2003 and A.P.(DIR Series) Circular No.57 dated January 13, 2004. 4. It may be noted that the ECB proceeds should be parked overseas until its utilisation for investment abroad. 5. The above amendments to ECB Policy will come into force with immediate effect. 6. Authorised Dealers may bring the contents of this Circular to the notice of their constituents concerned. 7. T .....

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..... Ventures (JV)/Wholly Owned Subsidiaries (WOS). This would facilitate corporates to undertake fresh investment or expansion of existing JV/WOS including mergers and acquisitions abroad by harnessing resources at globally competitive rates. 3. Operational guidelines are being issued to Authorised Dealers. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management I .....

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