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of <h1>Escrow Account Rules for Non-Resident and Resident Capital Instrument Acquisitions Under Specific SEBI Guidelines</h1> The statutory provisions outline terms and conditions for opening escrow accounts in Indian Rupees for non-resident and resident acquirers. The accounts can be used for acquiring or transferring capital instruments or convertible notes through specific channels. Permitted credits include foreign inward remittances and bank guarantees. Debits are restricted to SEBI regulations. The account is non-interest bearing, has a maximum operational period of six months, requires compliance with KYC guidelines, and must be closed after transaction completion or refund.
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