Issue of Foreign Currency Convertible Bonds (FCCBs) and Foreign Currency Bonds (FCBs) - Clarification regarding applicability of provisions of Chapter III of the Companies Act, 2013.

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..... astri Bhavan, Dr R.P. Road, New Delhi Dated: 13th November, 2014 To All Regional Directors, All Registrars of Companies. Subject: Issue of Foreign Currency Convertible Bonds (FCCBs) and Foreign Currency Bonds (FCBs) - Clarification regarding applicability of provisions of Chapter III of the Companies Act, 2013. Sir, The Ministry has been receiving references fro .....

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..... provided in the said Scheme or the directions/ regulations issued by Reserve Bank of India, provisions of Chapter III of the Act shall not apply to an issue of a FCCB or FCB made exclusively to persons resident outside India in accordance with the above mentioned regulations. 3. This issues with the approval of the competent authority. Yours faithfully, (KMS Narayanan) .....

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