NISHITH.TV
  • Mumbai
  • Silicon Valley
  • Bengaluru
  • Singapore
  • Mumbai BKC
  • New Delhi
  • Munich
  • New York

Locations

  • Mumbai
  • Silicon Valley
  • Bengaluru
  • Singapore
  • Mumbai BKC
  • New Delhi
  • Munich
  • New York
  • Content
  • Home
  • ABOUT US
  • NDA in the Media
  • Areas of Service
  • Research and Articles
  • Opportunities
  • Contact
  • NDACloud
  • Client Access
  • Member Access
  • Events and Calender
  • How we perform
  • Knowledge anywhere, anytime
  • See our recent deals
  • Up to date legal developments
  • Case studies in M&A

Research and Articles

HTMLPDF

  • Research at NDA
  • Research Papers
  • Research Articles
  • Policy Papers
  • NDA Think Tanks
  • NDA Hotline
  • New Ali Gunjan
  • Japan Desk ジャパンデスク

NDA-Hotline


  • Capital Markets Hotline
  • Companies Act Series
  • Climate Change Related Legal Issues
  • Competition Law Hotline
  • Corpsec Hotline
  • Court Corner
  • Cross Examination
  • Deal Destination
  • Debt Funding in India Series
  • Dispute Resolution Hotline
  • Education Sector Hotline
  • FEMA Hotline
  • Financial Service Update
  • Food & Beverages Hotline
  • Funds Hotline
  • Gaming Law Wrap
  • GIFT City Express
  • Green Hotline
  • HR Law Hotline
  • iCe Hotline
  • Insolvency and Bankruptcy Hotline
  • International Trade Hotlines
  • Investment Funds: Monthly Digest
  • IP Hotline
  • IP Lab
  • Legal Update
  • Lit Corner
  • M&A Disputes Series
  • M&A Hotline
  • M&A Interactive
  • Media Hotline
  • New Publication
  • Other Hotline
  • Pharma & Healthcare Update
  • Private Client Wrap
  • Private Debt Hotline
  • Private Equity Corner
  • Real Estate Update
  • Realty Check
  • Regulatory Digest
  • Regulatory Hotline
  • Renewable Corner
  • SEZ Hotline
  • Social Sector Hotline
  • Tax Hotline
  • Technology & Tax Series
  • Technology Law Analysis
  • Telecom Hotline
  • The Startups Series
  • White Collar and Investigations Practice
  • Yes, Governance Matters.
  • Japan Desk ジャパンデスク

Corpsec Hotline

February 24, 2004

External Commercial Borrowings (ECB) for Overseas Direct Investment/Mergers and Acquisitions

In continuance of the liberalization trend set by the Reserve Bank of India (RBI) and the Government, the RBI has liberalized the ECB norms once again, in order to facilitate Indian Companies to borrow monies for the acquisition of companies outside India.

Circular No. 75 issued by the RBI, will enable the Indian companies to become global players by facilitating their overseas direct investment. This is envisaged to be done by broadening the permitted end-use for ECB to include overseas direct investment in Joint Ventures (JV) / Wholly Owned Subsidiaries (WOS). This would facilitate Indian companies to undertake fresh investment or expansion of existing JV/WOS including mergers and acquisitions abroad by harnessing resources at globally competitive rates.

This liberalization has come as a further boost to the corporate sector in India, which has already gone into ECB overdrive in the past couple of months.

Circular that the ADs will have to comply with.

Source: RBI Circular No. 7dated February 23, 2004

Mission and Vision


Distinctly Different

What's New


How To Prioritise People: A Governance Approach To Minimise Layoffs At Startups
Yes, Governance Matters.: October 03,2023
Navigating Governance Challenges: Strengthening Non-Profit Organizations in India
Yes, Governance Matters. : September 30,2023

Events


Webinars

Impact of The New Indian Data Law on Multinational Companies Operating in India
August 22,2023 - August 22,2023

This event is over. For event material please click here


Seminar

Compliance, Governance, and Leadership
October 06,2023 - October 06,2023

Round Table

Investing In Net Zero
July 22,2022 - July 22,2022

This event is over. For event material please click here

News Roundup


News Articles

Reciprocity requirement for enforcement: A roadblock in ease of doing business?
August 24,2023

Quotes

English, Welsh lawyers have no intention of taking court work away from Indian lawyers: UK Law Society President
September 23,2023

Newsletters


Yes, Governance Matters.

How To Prioritise People: A Governance Approach To Minimise Layoffs At Startups
October 03,2023

Yes, Governance Matters.

Navigating Governance Challenges: Strengthening Non-Profit Organizations in India
September 30,2023

Social Sector Hotline

A step towards fostering transperancy under FCRA
September 29,2023

  • Disclaimer
  • Content
  • Feedback
  • Walkthrough
  • Subscribe
Nishith Desai Associates@2016 All rights reserved.