The total amount of permissible buyback of FCCBs, out of internal accruals, is increased toUSD 100 million (from erstwhile USD 50 million) of the redemption value per company, under the approval route by linking the higher amount of buyback to larger discounts. To understand the details, click https://yehseeyes.blogspot.com/2009/04/fccbbuy-back-upto-usd-100-million-under.html Now, it has been decided to extend the relaxation in all–in-cost ceilings, under the approval route, until December 31, 2009. This relaxation will be reviewed in December 2009. To understand the details, click https://yehseeyes.blogspot.com/2009/04/ecball-in-cost-ceilings-dispensed-till.html
[FCCB]Buy back upto USD 100 million under RBI Approval Route based on larger discounts
[ECB]All-in-cost ceilings dispensed till 31st December 2009 under Approval Route
[FEMA]Non-resident Depositors/Any can get loan upto 100 lakhs against NR(E)RA & FCNR(B) deposit accounts nowThe banks may now grant loans against NR(E)RA and FCNR(B) deposits either to thedepositors or third parties up to a maximum limit of Rs.100 lakh (erstwhile Rs.20 lakhs). The banks are also advised not to undertake artificial slicing of the loan amount to circumvent the aforesaid ceiling.
To understand the details, click https://yehseeyes.blogspot.com/2009/04/femanon-resident-depositorsany-can-get.html
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FEMA updates - ECB all-in-cost, Buyback of FCCB, Loan agains
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Thanks for information sharing.
Thanks for the update...
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