External Commercial Borrowings
Conference
By Mr. K Ramasubramanian
Introduction
Indian companies generally borrow from Indian Banks to meet their current capital account requirements. However the interest rates in India on such borrowings are generally high due to various factors including inflation. Consequent to globalization of Indian economy and the liberalization of cross border transactions, increased awareness among Indian companies and the need to optimize costs and maximize profits Indian companies prefer to avail funds from International financial market where the interest cost is lower.
Recognizing this need Reserve Bank of India has introduced the Regulations relating to External commercial Borrowings (ECB). These regulations are a part of capital control which means that inflow and outflow of foreign exchange under this head is regulated in such a way that such borrowings are incentivised to be of long term in nature and the end use of such borrowings result in creation of long term assets in India which in turn will lead to increased production, employment, GDP so on and so forth.
Conference Objective-
- is to enable the participants to
- 1. update their knowledge of ECB
2. to avail the best possible terms for ECB from abroad
3. to work out some exercises in the classroom to reinforce the cognitive inputs on the subject and to apply them to practical situations
4. to answer any questions and clarify any doubt on the subject in specific and FEMA 1999 in general
Conference Schedule :
Session I
FEMA Regulations on borrowing by a resident in foreign currency from abroad.
Session II
Instructions of RBI on Trade credit and ECB
Session III
Details of the scheme of structuring the ECB and to comply with FEMA
Session IV
Case studies under FEMA1999 on ECB dealing with deviations from the instructions and how to avoid deviations and if already deviations have occurred how to regularize such deviations.
Questions and answers
Pedagogy
Interactive classroom participation to bring out the synergies in the heterogeneous class participants
• Case studies
• Hands on experience sharing
Reading Material :
• Instructions issued by Reserve Bank of India
• Various Forms involved in ECB
• Reporting system
How to Register
• Fees: Rs. 7,500/- +10.3 % service tax per person• Please write to register@princetonacademy.in / Call -022 66976892
• Mention the name of participant, company, contact details .
• Cheque favouring Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
• Fees includes lunch, tea, course material etc
Timings
9:30 am - 5:30 pm , Registration begins at 9:00 am
Faculty
Mr. Ramasubramanian
General Manager Retd., RESERVE BANK of INDIA
• Faculty in International Trade and Finance
• He started his career as a banker and spent 43 years,
• He has now been practicing in the field of FEMA Implementation and consulting advisory services to corporates in India and abroad.
• Organizations with which he is professionally connected are HDFC Bank, World Trade Centre, International Chamber of Commerce (Panel Member), Institute of company Secretaries Institute of Chartered Accountants, various legal firms and corporates.
• He is also associated with S.P.Jain Institute of Management and Research on a regular basis as Associate Professor.
Register for Seminar
Online Registration form
Contact us
Registered Office Address
Princeton Academy
502 Shalimar Morya Park,Link Road,Andheri [W], Mumbai - 400053. INDIA
Tel: +91 22 66976892 | Fax: 022 26733060
Email: register@princetonacademy.in
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