MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automatic route. As a Compliance Officer of the company answer the following: Furnishing of report to Reserv

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2021
MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automatic route. As a Compliance Officer of the company answer the following: Furnishing of report to Reserve Bank of India on completion of the issue.

Answer & Explanation:

Furnishing of report to Reserve Bank of India on completion of the issue - The issuing entity shall, within thirty days from the date of completion of the issue, furnish a report to the concerned Regional Office of the Reserve Bank of India through a designated branch of an Authorized dealer giving the details and documents as under- Total amount of FCCB issued; Names of investors' resident outside India and number of FCCBs issued to each of them.

Topics: Compliance Management

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