Exernal commercial borrowing
This query is : Resolved
Manish Singh
(Querist)
17 May 2008
Can an indian company take a loan of Rs 5 crores from an american national? Could you please provide me the procedures. The money to be taken is in Indian currency.
bhupender soni
(Expert)
21 June 2011
Yes ,ECB can be accessed under two routes
1-Automatic route
2- Approval route
Automatic route – the maximum amount which can be raised by a corporate is USD 500 Million or equivalent during a financial years and upto 20 million USD in a financial year with minimum average maturity of three years. USD 20 million and upto 500million – minimum average maturity of five years
1-Automatic route
2- Approval route
Automatic route – the maximum amount which can be raised by a corporate is USD 500 Million or equivalent during a financial years and upto 20 million USD in a financial year with minimum average maturity of three years. USD 20 million and upto 500million – minimum average maturity of five years
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