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of <h1>RBI Amends Foreign Exchange Regulations: Indian Firms Can Pledge Overseas Subsidiary Shares for Financial Facilities</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004. The changes, effective upon publication, allow Indian parties to pledge shares of Joint Ventures, Wholly Owned Subsidiaries, and Step Down Subsidiaries abroad as security for financial facilities. These facilities must comply with financial commitment limits set by the Reserve Bank. Additionally, Indian parties can create charges on domestic and foreign assets to secure funding from overseas lenders, subject to regulatory oversight and obtaining necessary approvals. These amendments aim to facilitate overseas investments while ensuring compliance with Reserve Bank guidelines.
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