Transfer of foreign security: resident in India may pledge foreign securities to obtain authorised dealer funding or non-funding facilities. A person resident in India who has acquired or holds foreign securities in compliance with foreign exchange law may pledge those securities to secure fund-based or non-fund-based facilities from an authorised dealer in India.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of foreign security: resident in India may pledge foreign securities to obtain authorised dealer funding or non-funding facilities.
A person resident in India who has acquired or holds foreign securities in compliance with foreign exchange law may pledge those securities to secure fund-based or non-fund-based facilities from an authorised dealer in India.
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