https://www.taxtmi.com/acts?id=8437 Conditions require non-resident corporates to open non-interest-bearing Escrow and Special Accounts in Indian Rupees, jointly and severally, with Escrow credits limited to foreign inward remittances and debits per SEBI (SAST) or other SEBI regulations. Resident mandatees may operate the Escrow Account with Authorised Dealer approval; no fund or non-fund facilities are permitted against balances. Authorised Dealers must ensure KYC compliance. Escrow balances may be repatriated after acquisition formalities at prevailing exchange rates or returned if the acquisition fails, and accounts must be closed once requirements are completed. en-us Fri, 22 Feb 2008 06:43:17 +0530 Fri, 20 Jun 2025 12:32:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8437 Conditions require non-resident corporates to open non-interest-bearing Escrow and Special Accounts in Indian Rupees, jointly and severally, with Escrow credits limited to foreign inward remittances and debits per SEBI (SAST) or other SEBI regulations. Resident mandatees may operate the Escrow Account with Authorised Dealer approval; no fund or non-fund facilities are permitted against balances. Authorised Dealers must ensure KYC compliance. Escrow balances may be repatriated after acquisition formalities at prevailing exchange rates or returned if the acquisition fails, and accounts must be closed once requirements are completed. Act-Rules FEMA Fri, 22 Feb 2008 06:43:17 +0530 https://www.taxtmi.com/acts?id=8437