ECB- very urgent !

Neeta (Finance) (345 Points)

21 September 2010  

Hello Members

Anyone please throw some light on the subject. A pvt limited Company (under Power sector) has accepted inward remittances from its holding company outside India (Foreign entity) , OTHER THAN EQUITY. Now i understand , this gets covered under ECB, Please enlighten on the following ;

1. under which route : automatic or approval ?

2. Compliances in this respect. ?

Thanks in advance ...neeta