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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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August 2013

A. P. (DIR Series) Circular No. 10 dated July 11, 2013

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

External Commercial Borrowings (ECB) Policy – Refinancing / Rescheduling of ECB

This circular permits borrowers to refinance under the Approval Route, upto 30th September, 2013, an existing ECB by raising fresh ECB at a higher all-in-cost / reschedule an existing ECB at a higher all-in-cost. However, the enhanced all-in-cost must not exceed the current all-in-cost ceiling.

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August 2013

A. P. (DIR Series) Circular No. 10 dated July 11, 2013

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A. P. (DIR Series) Circular No. 09 dated July 11, 2013

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August 2013

A. P. (DIR Series) Circular No. 10 dated July 11, 2013

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A. P. (DIR Series) Circular No. 09 dated July 11, 2013

A. P. (DIR Series) Circular No. 11 dated July 11, 2013