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External cmmercial borrowings

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(Querist)
05 July 2016 Dear All,

After receipt of ECB amount , what are the compliance needs to be done before or after for the use of money and with which authority i.e. any return needs to be filed?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 July 2016 Amount has to be parked out side India in case of forex spending and parked in a separate bank ac in India in case of Rupee spending. Monthly return in Form ECB 2 to be submitted within 7 days from the close of the month to RBI through designated bank
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Tejasvi

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Tejasvi (Querist)
07 July 2016 Thanks Sir.
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