![Gon.ral Circular No: 09/2016
No 1212013-CL-V
Governmenl of India
Minislry ol Corpo.ale Aftai6
ti Floor, A Wing, Shasti Bhavan,
Dr R.P Road, New Delbi
All R6gional Dlrcctor3,
All Rogistr.F ol Comp.niG.
Subjoct l*uance ot rupoo bonds to ov.rsscs
Claritic.tion ros.rdins appli€bility of
Compani4 Act.20l3,
Sir,
The Minislry has received €lercnces trom slaleholders seeking claity on
applicability of provisions of Chapter lll ol the Companies Acl, 2013 (Act).nd tule 18 ol
Companies (Sharc Capital and Oebenlure) Rules. 2014 to lhe issus or rupee bonds by
Indian @mpanies exclusively to peEons rside.i oulside India in accordance wilh
appli€ble *cloral regulalory provisions
2 The natler has be€n €xami.ed in lhe Minislrv in consullalion with Re*de Bank of
hdia. The matter relaling lo issue oI rupee denominated bonds lo orcGeas investors is
being eg|]lated by RBI as part of ECB Policy f.aremlk. lt is accodingly cl.rilied that
unless olhetuise provided in lhe cncular/ dtections/ regulalions iss@d by ReseNe Bank
of India. provisions ol Chapter llloltheAct and rule 18 otCofnpanies (Shar€ Capilal and
Oebentu€) Rules. 2014 rculd not apply lo issue of rupe denminaled bonds made
exclusilely lo persons residenl oolside India in a@odane wilh appli€ble secloral
regulalory prcvisions as stated above. Nec€ssary chang€s in Companies (Share Capital
and Oebenture) Rules,2014 in this,esard a€being nade
3 Thas issues with lhe appoval of lhe compelent authodty
Inv.stora by Indisn companio. -
prcvbioN of Ch:ptar lll of th€
Dar6d:03.08.2016
$.., -*:
1 e-Gove.nance Seclion Manager lo plac this cncuar on lhe](https://image.slidesharecdn.com/generalcircular0903082016-160811123019/85/Rupee-denominated-bonds-of-Indian-companies-get-thumbs-up-in-overseas-markets-1-320.jpg)
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Rupee-denominated bonds of Indian companies get thumbs up in overseas markets
- 1. Gon.ral Circular No: 09/2016 No 1212013-CL-V Governmenl of India Minislry ol Corpo.ale Aftai6 ti Floor, A Wing, Shasti Bhavan, Dr R.P Road, New Delbi All R6gional Dlrcctor3, All Rogistr.F ol Comp.niG. Subjoct l*uance ot rupoo bonds to ov.rsscs Claritic.tion ros.rdins appli€bility of Compani4 Act.20l3, Sir, The Minislry has received €lercnces trom slaleholders seeking claity on applicability of provisions of Chapter lll ol the Companies Acl, 2013 (Act).nd tule 18 ol Companies (Sharc Capital and Oebenlure) Rules. 2014 to lhe issus or rupee bonds by Indian @mpanies exclusively to peEons rside.i oulside India in accordance wilh appli€ble *cloral regulalory provisions 2 The natler has be€n €xami.ed in lhe Minislrv in consullalion with Re*de Bank of hdia. The matter relaling lo issue oI rupee denominated bonds lo orcGeas investors is being eg|]lated by RBI as part of ECB Policy f.aremlk. lt is accodingly cl.rilied that unless olhetuise provided in lhe cncular/ dtections/ regulalions iss@d by ReseNe Bank of India. provisions ol Chapter llloltheAct and rule 18 otCofnpanies (Shar€ Capilal and Oebentu€) Rules. 2014 rculd not apply lo issue of rupe denminaled bonds made exclusilely lo persons residenl oolside India in a@odane wilh appli€ble secloral regulalory prcvisions as stated above. Nec€ssary chang€s in Companies (Share Capital and Oebenture) Rules,2014 in this,esard a€being nade 3 Thas issues with lhe appoval of lhe compelent authodty Inv.stora by Indisn companio. - prcvbioN of Ch:ptar lll of th€ Dar6d:03.08.2016 $.., -*: 1 e-Gove.nance Seclion Manager lo plac this cncuar on lhe