Lira India Pvt. Ltd. is a subsidiary of Lira Inc. USA. During the financial year 2018-19, the holding company on behalf of its subsidiary i.e. Lira India Pvt Ltd. had paid directly to the Income tax department through on

The checklist for Issue of FCCBs is as under: Check whether the fresh ECBs/ FCCBs is raised with the stipulated average maturity period and applicable all-in-cost being as per the extant ECB guidelines. The amount of fresh ECB/FCCB shall not exceed the outstanding redemption value at maturity of the outstanding FCCBs. The fresh ECB/FCCB shall not be raised six months prior to the maturity date of the outstanding FCCBs. ECB/FCCB beyond USD 500 million for the purpose of redemption of the existing FCCB will be considered under the approval route. The proposal of Buyback/prepayment of FCCBs from Indian Companies may be considered subject to the condition that the buyback value of the FCCBs shall be at a minimum discount of five per cent on the accreted value.