Question
What is the maximum amount of ECB any eligible borrower
can raise per financial year under the automatic route?Solution
As per ECB framework, all eligible borrowers can raise ECBs up to USD 750 million or equivalent per financial year under the automatic route. Further, in case of FCY denominated ECB raised from direct foreign equity holder, ECB liability-equity ratio for ECB raised under the automatic route cannot exceed 7:1.
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Which agreement is not opposed to public policy?
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