https://www.taxtmi.com/acts?id=16979 Escrow accounts for FDI must be maintained in INR with an AD Category I bank or SEBI authorised depository participant, be non interest bearing, and cannot secure fund or non fund facilities. Permitted credits are limited to foreign inward remittances for share issue or transfer and rupee consideration from resident acquirers; permitted debits are remittances to beneficiaries or refunds where transactions fail. The underlying FDI must comply with FEMA and, where applicable, SEBI rules; balances may be repatriated after completion subject to exchange rate risk and KYC requirements, and escrow terms must be set out in contractual documentation. en-us Thu, 22 Nov 2012 12:21:33 +0530 Fri, 20 Jun 2025 12:34:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16979 Escrow accounts for FDI must be maintained in INR with an AD Category I bank or SEBI authorised depository participant, be non interest bearing, and cannot secure fund or non fund facilities. Permitted credits are limited to foreign inward remittances for share issue or transfer and rupee consideration from resident acquirers; permitted debits are remittances to beneficiaries or refunds where transactions fail. The underlying FDI must comply with FEMA and, where applicable, SEBI rules; balances may be repatriated after completion subject to exchange rate risk and KYC requirements, and escrow terms must be set out in contractual documentation. Act-Rules FEMA Thu, 22 Nov 2012 12:21:33 +0530 https://www.taxtmi.com/acts?id=16979