External Commercial Borrowings (ECB) Policy - Liberalisation

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..... vited to the Foreign Exchange Management (Borrowing or lending in foreign exchange) Regulations, 2000 , notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000 , amended from time to time and the A.P. (DIR Series) Circular No. 5 dated August 1, 2005 relating to the External Commercial Borrowings (ECB). 2. As per the extant ECB procedures, any changes in the terms and conditions of th .....

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..... ay approve changes / modifications in the drawdown / repayment schedule of the ECBs already availed, both under the approval and the automatic routes, subject to the condition that the average maturity period, as declared while obtaining the LRN, is maintained. The changes in the drawdown / repayment schedule should be promptly reported to the DSIM, Reserve Bank in Form 83. However, any elongatio .....

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..... sting designated AD bank and after due diligence. d) Changes in the name of the Borrower Company. Designated AD Category - I banks may allow changes in the name of the borrower company subject to production of supporting documents evidencing the change in the name from the Registrar of Companies. 4. The modifications to the ECB guidelines will come into force with immediate effect. All othe .....

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