Sharda Fertilizers Ltd., a listed company, proposes to make an issue of foreign currency convertible bonds (FCCBs) under the automatic route. You are required to answer the following with reference to the scheme, viz. th

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2015
Sharda Fertilizers Ltd., a listed company, proposes to make an issue of foreign currency convertible bonds (FCCBs) under the automatic route. You are required to answer the following with reference to the scheme, viz. the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 — What information should be furnished to the RBI after completion of the issue?

Answer & Explanation:

The issuing entity shall, within 30 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: The total amount of the FCCBs issued Names of investors' resident outside India and number of FCCBs issued to each of them.

Topics: Foreign Currency Convertible Bonds (FCCBs)

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