RBI Circular: Automatic Route for ECBs Up to $50M Available to Registered Entities, Not Individuals or Non-Profits.

The Reserve Bank of India issued a circular to all authorized dealers in foreign exchange, referencing a previous circular that introduced the 'Automatic Route' for External Commercial Borrowings (ECBs) up to USD 50 million. Under this route, ECBs can be raised by entities registered under various acts, including the Company's Act and Societies Registration Act, but not by individuals, trusts, or non-profit organizations. Dealers are instructed to inform their constituents of these guidelines, which are issued under the Foreign Exchange Management Act, 1999.

---

---

---