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of <h1>RBI Eases Rules for Overseas Direct Investments; Allows Share Pledge for Loans with Compliance Requirements.</h1> The circular issued by the Reserve Bank of India (RBI) addresses the liberalization of regulations concerning Overseas Direct Investments by Indian parties. It allows the creation of a charge or pledge on shares of Joint Ventures (JV), Wholly Owned Subsidiaries (WOS), or step-down subsidiaries (SDS) by Indian parties in favor of domestic or overseas lenders under the automatic route. This is subject to compliance with specific regulations, including ensuring that the overseas assets are not securitized and that the loan is used solely for core business activities overseas. The circular mandates prior RBI approval if domestic lenders acquire overseas assets and requires statutory auditor certification to confirm non-utilization of funds for investments in India.
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