TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Non-resident corporates can open escrow accounts for takeover offers with specific operational restrictions and repatriation rights</h1> Non-resident corporates may open escrow and special accounts for open offers, delisting, or exit offers under specific conditions. Accounts must be non-interest bearing and operated in Indian Rupees. Escrow accounts permit foreign inward remittances and debits per SEBI regulations. Resident mandatees may operate accounts with authorized dealer approval. No lending facilities are permitted against account balances. Unused balances may be repatriated at prevailing exchange rates after completion of acquisition formalities or if proposals fail to materialize. Accounts must close immediately upon completing requirements.
TaxTMI 
TaxTMI 
