https://www.taxtmi.com/acts?id=2104 An Indian party may pledge shares of a JV, WOS or SDS outside India as security for fund based or non fund based facilities for itself or its group, in favour of an Authorized Dealer, an Indian public financial institution, or an overseas lender. The facility amount is to be treated as the Indian party's financial commitment and must keep total commitments within Reserve Bank limits. Overseas lenders must be regulated and supervised as banks, and the Reserve Bank may impose additional terms and conditions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 16 Dec 2014 13:02:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2104 An Indian party may pledge shares of a JV, WOS or SDS outside India as security for fund based or non fund based facilities for itself or its group, in favour of an Authorized Dealer, an Indian public financial institution, or an overseas lender. The facility amount is to be treated as the Indian party's financial commitment and must keep total commitments within Reserve Bank limits. Overseas lenders must be regulated and supervised as banks, and the Reserve Bank may impose additional terms and conditions. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2104