ISSUING AUTHORITY : RESERVE BANK OF INDIA
DATE OF ISSUE : 15/07/2013
EFFECTIVE DATE : IMMEDIATE EFFECT
CIRCULAR NO. 12
The extant ECB Policy has been reviewed to extend the benefit of USD 10 billion scheme to Indian companies in manufacturing, infrastructure and hotel sectors which have established Joint Venture (JV) / Wholly Owned Subsidiary (WOS) / have acquired assets overseas, in compliance with the extant regulations under FEMA, 1999 and subject to fulfilment of conditions laid in the said Circular.
For detailed Circular, log on to the Link given below:
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