Form ECB
- Document type
- Form
- Dated
- Category
- FEMA Forms
External Commercial Borrowings
Annex I
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 Chief General Manager-In-Charge, 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.
______________________________________________________________________________
1. Name of the applicant
(BLOCK LETTERS)
Address
______________________________________________________________________________
2. Status of the applicant
i) Private Sector
ii) Public Sector
______________________________________________________________________________
______________________________________________________________________________
| 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] | |||
| (i) Suppliers’ Credit | |||
| (ii) Buyers’ Credit | |||
| (iii) Syndicated Loan | |||
| (iv) Export Credit | |||
| (v) Loan from foreign collaborator/equity holder (with details of amount, percentage equity holding in the paid-up equity capital of the borrower company) | |||
| (vi) Floating Rate Notes | |||
| (vii) Fixed Rate Bonds | |||
| (viii) Line of Credit | |||
| (ix) Commercial Bank Loan | |||
| (x) Others (please specify) | |||
| (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.
______________________________________________________________________________
| Proposed Schedule | ||||||||
|---|---|---|---|---|---|---|---|---|
| Draw-down | Repayment of Principal | Interest Payment | ||||||
| Month | Year | Amount | Month | Year | Amount | Month | Year | Amount |
| 1. 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. | : |
2. ECB already availed -(not applicable for the first time borrower)
| Year | Registration No. | Currency | Loan Amount | Amount disbursed | Amount outstanding* |
| 2003-04 | |||||
| 2002-03 | |||||
| 2001-02 |
* net of repayments, if any, on the date of application.
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
| Place_______________ Date_______________ | Stamp | ________________________________________ (Signature of Authorised Official of the applicant) Name:___________________________________ Designation_______________________________ Phone No. _______________________________ Fax_____________________________________ E-mail __________________________________ |
______________________________________________________________________________
2. By the authorised dealer –
We hereby certify that –
(i) the applicant is our customer.
(ii) we have scrutinised 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.
| Place_______________ Date________________ | Stamp | _______________________________________ (Signature of Authorised Official) Name __________________________________ Name of the Bank/branch__________________ A.D.Code_______________________________ |