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of <h1>India Eases Overseas Investment Rules: New Liberalizations for Property Charges, Bank Guarantees, and Financial Commitments.</h1> The circular addresses the rationalization of overseas direct investments by Indian parties, introducing several liberalizations. It allows Indian parties to create charges on immovable/movable property and financial assets under an approval route, with a 'No Objection' from Indian lenders. Bank guarantees backed by Indian parties will now be included in financial commitment calculations. Personal guarantees by indirect promoters are permitted, and financial commitments without equity contributions in JVs/WOS may be considered. Annual Performance Reports can be based on unaudited accounts if certified by statutory auditors. Compulsorily Convertible Preference Shares are treated as equity. Amendments to relevant regulations are forthcoming.
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