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May 2009

Buyback/Prepayment of Foreign Curren-cy Convertible Bonds (FCCBs)

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Nimesh Dedhia, Vijay Kewalramani
Chartered Accountants

Reading Time 1 mins

New Page 1

Part C : RBI/FEMA

Given below are the highlights of certain RBI Circulars and Press Notes
issued by DIPP

A. P. (DIR Series) Circular No. 58, dated March 13, 2009

Buyback/Prepayment of Foreign Curren-cy Convertible
Bonds (FCCBs)

As per A. P. (Dir Series) Circular No. 39, dated December
8, 2008 the entire procedure of buyback was to be completed by Indian
companies by March 31, 2009.

This Circular has extended the said date from March 31,
2009 to December 31, 2009.

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May 2009

Buyback/Prepayment of Foreign Curren-cy Convertible Bonds (FCCBs)

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May 2009

Buyback/Prepayment of Foreign Curren-cy Convertible Bonds (FCCBs)

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