https://www.taxtmi.com/circulars?id=2673 AD Category I banks may open Escrow and Special Accounts for non resident corporate acquirers for acquisition/transfer of shares or convertible debentures via open offers, delisting or exit offers without prior Reserve Bank approval, subject to compliance with applicable SEBI regulations (including SAST), the Companies Act, 1956, and the Annex terms; amendments to FEMA (Deposit) Regulations will be notified separately and the directions are issued under Sections 10(4) and 11(1) of the FEMA, 1999. en-us Thu, 24 May 2007 00:00:00 +0530 Mon, 13 Oct 2008 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2673 AD Category I banks may open Escrow and Special Accounts for non resident corporate acquirers for acquisition/transfer of shares or convertible debentures via open offers, delisting or exit offers without prior Reserve Bank approval, subject to compliance with applicable SEBI regulations (including SAST), the Companies Act, 1956, and the Annex terms; amendments to FEMA (Deposit) Regulations will be notified separately and the directions are issued under Sections 10(4) and 11(1) of the FEMA, 1999. Circulars FEMA Thu, 24 May 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2673