THE LAW OF FOREIGN DIRECT INVESTMENT
TOPIC-FOREIGN CURRENCY COVERTIBLE BOND (FCCB)- (Important terms in FDI)
Â
Foreign Currency Convertible Bond (FCCB) means a bond issued by an Indian company expressed in foreign currency, the principal and interest of which is payable in foreign currency. FCCBs are issued in accordance with the Foreign Currency Convertible Bonds and ordinary shares (through depository receipt mechanism) Scheme 1993 and subscribed by a non-resident entity in foreign currency and convertible into ordinary shares of the issuing company in any manner, either in whole, or in part.
Foreign Currency Convertible Bond (FCCB)Â
){kind=link}