External Commercial Borrowings

This query is : Resolved

amirtha varshini (Querist)
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13 January 2020 Sir/ Madam
Kindly clarify regarding the below mentioned suitation:

An Indian holding company wants to raise funds from its wholly owned foreign subsdiary
whether the External Commercial borrowings are applicable?

If so, kindly share the relevant notification issued by RBI for reference

Thank You in Advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 January 2020 Yes External commercial borrowings applicable. See the link.
https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT1096DD257F73C9F4BD280F9C2A2CAD084F1.PDF