Form ECB
Application for raising External Commercial Borrowings
(ECB) under Approval Route
Instructions
The complete application
should be submitted by the applicant through the designated authorised dealer
to the Principal Chief General Manager, Foreign Exchange Department, Central
Office, ECB Division, Reserve Bank of India, Mumbai 400 001.
Documentation:
Following documents, (as
relevant) certified by authorised dealer, should be forwarded with the
application:
(i) A copy of offer letter from the overseas
lender/supplier furnishing complete details of the
terms and conditions of proposed ECB.
(ii) A copy of the import contract,
proforma/commercial invoice/bill of lading.
______________________________________________________________________________
PART-A- GENERAL INFORMATION ABOUT THE BORROWER
1. Name of the applicant
(BLOCK LETTERS)
Address
______________________________________________________________________________
2. Status of the applicant
i) Private
Sector
ii) Public
Sector
______________________________________________________________________________
PART-B-INFORMATION ABOUT THE PROPOSED ECB
______________________________________________________________________________
Currency
Amount US$ equivalent
1. Details
of the ECB
(a) Purpose of the ECB
(b) Nature of ECB [Please put (x) in the appropriate
box]
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(i)
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Suppliers’ Credit
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(ii)
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Buyers’ Credit
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(iii)
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Syndicated Loan
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(iv)
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Export Credit
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(v)
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Loan from foreign
collaborator/equity holder (with
details of amount, percentage equity holding in the paid-up equity capital of
the borrower company)
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(vi)
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Floating Rate Notes
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(vii)
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Fixed Rate Bonds
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(viii)
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Line of Credit
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(ix)
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Commercial Bank Loan
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(x)
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Others (please specify)
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(c) Terms and conditions of the ECB
(i)
Rate of interest :
(ii)
Up-front fee :
(iii)
Management fee :
(iv)
Other charges, if any (Please specify) :
(v)
All-in-cost :
(vi)
Commitment fee :
(vii)
Rate of penal interest :
(viii)
Period of ECB :
(ix) Details of call/put option, if any. :
(x) Grace / moratorium period :
(xi) Repayment terms (half
yearly/annually/bullet) :
(xii) Average maturity :
______________________________________________________________________________
2. Details
of the lender
Name and address of the lender/supplier
______________________________________________________________________________
3. Nature of
security to be provided, if any.
______________________________________________________________________________
PART C –
INFORMATION ABOUT DRAW DOWN AND REPAYMENTS
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Proposed Schedule
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Draw-down
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Repayment
of Principal
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Interest
Payment
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Month
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Year
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Amount
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Month
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Year
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Amount
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Month
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Year
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Amount
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PART D – ADDITIONAL INFORMATION
Information
about the project
i) Name
& location of the project :
ii) Total
cost of the project : Rs. USD
iii) Total
ECB as a % of project cost :
iv) Nature
of the project :
v) Whether
Appraised by
financial institution/bank :
vi) Infrastructure
Sector :
a)
Power
b)
Telecommunication
c)
Railways
d)
Roads including bridges
e)
Ports
f)
Industrial parks
g)
Urban infrastructure - Water supply, Sanitation and sewerage.
vii) Whether
requires clearance from any :
statutory authority ? If yes, furnish
the name of authority, clearance no.
and date.
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2. ECB already availed -(not applicable for
the first time borrower)
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Year
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Registration No.
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Currency
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Loan Amount
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Amount disbursed
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Amount outstanding*
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* net
of repayments, if any, on the date of application.
PART E – CERTIFICATIONS
1. By the applicant
We
hereby certify that -
(i) the particulars given above are true and correct
to the best of our knowledge and belief.
(ii) the ECB to be raised will be utilised for
permitted purposes
________________________________________
(Signature of
Authorised Official of the applicant)
Place_______________
Name:_________________________________
Date________________
Stamp
Designation_____________________________
Phone
No. ______________________________
Fax ________________________________
E-mail
_________________________________
______________________________________________________________________________
2. By the authorised dealer –
We hereby certify that –
(i) the applicant is our customer.
(ii) we have scrutinized
the application and the original letter of offer from the lender/supplier and
documents relating to proposed borrowing and found the same to be in order.
________________________________
(Signature of
Authorised Official)
Place ________________ Name _________________________________
Date_________________ Stamp Name
of the Bank/branch__________________
A.D.Code______________________________
______________________________________________________________________________
For query take appointment and discuss
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