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ARTICLE · 09 DECEMBER 2016

External Commercial Borrowings (ECB) By Start Ups

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The Reserve Bank of India (RBI) vide Notification1 dated October 27, 2016 had issued Guidelines for Startups to access loans under the External Commercial Borrowing (ECB) framework.

IndiaCorporate/Commercial Law
Kumar Deep
Kumar Deep
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INTRODUCTION

The Reserve Bank of India (RBI) vide Notification1 dated October 27, 2016 had issued Guidelines for Startups to access loans under the External Commercial Borrowing (ECB) framework. This Guideline has been introduced by the RBI with aspire to attract foreign funds by the Startups which can be used by such Startups to leverage their financial health and growth. This Guideline would allow Startups to access foreign currency loan from foreign lenders.

It is worth noting here that the RBI vide A.P. (DIR Series) Circular No. 32 dated November 30, 20152 had announced the revised ECB Framework for other sectors in India. As per said revised Framework ECBs have been segregated broadly into following three tracks:

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