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<h1>Indian Companies Can Now Acquire Foreign Securities with Specific Conditions Under Regulation 5 of Cross Border Merger Rules</h1> Regulation 5 of the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 governs outbound mergers. It provides guidelines for Indian residents acquiring foreign securities, managing assets, handling liabilities, and establishing branch offices. The regulation outlines specific conditions for securities acquisition, asset transfer, borrowing repayment, and establishing a Special Non-Resident Rupee Account. Key provisions include limits on securities value, compliance with existing financial regulations, and mandatory sale or repatriation of assets within two years if not permissible under existing laws.