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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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Tax Implications in the Hands of Successor / Resulting Company
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Capital Gains Tax Implications in Singapore on Capital Reduction or Liquidation
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Legal Considerations for Start-Ups – Are you overlooking some?
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ATR & AQMM – Audit Reports of Auditors!
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भारत पहले – 75 Year of Independence
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March 2012

A.P. (DIR Series) Circular No. 70, dated 25- 1-2012 — External Commercial Borrowings (ECB) Policy — Infrastructure Finance Companies (IFCs).

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Presently, Non-Banking Finance Companies (NBFC) categorised as Infrastructure Finance Companies (IFC) by RBI are permitted to avail of ECB, including the outstanding ECB, up to 50% of their owned funds under the Automatic Route. ECB by IFC above 50% of their owned funds are considered by RBI under the Approval Route.

This Circular requires banks to certify the leverage ratio (i.e., outside liabilities/owned funds) of IFC desirous of availing ECB under the Approval Route at the time of forwarding the proposal to RBI.

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March 2012

A.P. (DIR Series) Circular No. 70, dated 25- 1-2012 — External Commercial Borrowings (ECB) Policy — Infrastructure Finance Companies (IFCs).

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A.P. (DIR Series) Circular No. 69, dated 25- 11-2012 External Commercial Borrowings — Simplification of procedure.

A.P. (DIR Series) Circular No. 73, dated 21-1- 2012 — Opening of Diamond Dollar Accounts (DDAs)

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March 2012

A.P. (DIR Series) Circular No. 70, dated 25- 1-2012 — External Commercial Borrowings (ECB) Policy — Infrastructure Finance Companies (IFCs).

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You May Also Like

A.P. (DIR Series) Circular No. 69, dated 25- 11-2012 External Commercial Borrowings — Simplification of procedure.

A.P. (DIR Series) Circular No. 73, dated 21-1- 2012 — Opening of Diamond Dollar Accounts (DDAs)