RBI A.P.(DIR Series) Circular No. 26 dated 23 September 2011
External Commercial Borrowings-Bridge Finance for Infrastructure Sector-Reserve Bank now allowed Indian companies which are in the infrastructure sector, where "infrastructure" is as defined under the extant guidelines on [LexDoc Id : 417104]
RBI
2011
RBI A.P.(DIR Series) Circular No. 25 dated 23 September 2011
External Commercial Borrowings-Liberalisation-As per extant guidelines, repayment of existing Rupee loans is not a permissible end-use for ECB. Considering the specific needs of the infrastructure [LexDoc Id : 417103]