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of <h1>Non-resident investors can pledge shares to secure credit facilities under FEMA Regulation 12 with bank approval</h1> FEMA Regulation 12 governs pledge of shares by persons resident outside India. Promoters may pledge shares of borrowing companies or associate companies to secure external commercial borrowings, subject to authorized dealer bank approval. Non-resident investors can pledge shares or convertible debentures to Indian banks, overseas banks, or NBFCs to secure credit facilities for various purposes including business operations. All pledges require compliance with ECB guidelines, loan agreements, and Reserve Bank conditions. Pledge periods must align with underlying borrowing maturity, and transfers upon invocation must follow FDI policy requirements.
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