External Commercial Borrowing Compliance || ECB Compliance

Particulars

Form

Reported to

The Time duration of reporting

Under both route loan allotment number

Form 83(in duplicate certified by Secretary of the Company or Chartered Accountant) No need to submit a loan agreement

Designated authorized dealer bank

Within 7 days from the signing of the loan agreement

Monthly return

Form ECB2 (along with CA certificate) regarding use of ECB

Designated AD Bank to Division of Statistical Analysis and Computer Services (DESACS), Division of Balance of Payments Statistics, RBI.

Within 7 days from the end of each month

Under approval route

ECB application

Form ECB

Designated AD bank to the Chief Manager-in-Charge, Department of Foreign Exchange, RBI, Division of Central Office ECBs, Mumbai.

In case of the full conversion of ECB into equity

FC-GPR

RBI regional office

Within 7 days form the closer of the month for which it relates

In case of partial conversion of ECB

FC-GPR for converted portion and for remaining ECB-2

Department of Statistics and Information Management (DSIM), RBI

Within 7 days form the closer of the month for which it relates

Changes in

➲Repayment schedule

➲Currency of borrowing

➲AD bank

➲Change in name of the borrower company

➲Recognized lender

➲Cancellation of LRN

➲Change in end-use of ECB

➲Reduction in the amount of ECB

➲Reduction in all cost of ECB

Form 83

To DSIM, RBI through AD bank

Prior approval of AD bank is necessary

Within 7 days from the date of change effect