ECB funds as fixed deposits/liquid investments pending utilisation
This query is : Resolved
15 June 2022
A domestic company getting ECB (External Commercial Borrowing) from its parent company. Is it mandatory that these ECB funds needs to be compulsorily be placed as fixed deposits or can a company place them in liquid investments also pending utilisation.
15 June 2022
Yes, it's required to be placed on fixed deposits and not on liquid funds.
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