https://www.taxtmi.com/circulars?id=11567 Indian parties may seek RBI approval to create charges (pledge, mortgage, hypothecation) on their immovable, movable and other financial assets to secure overseas JV/WOS obligations within the overall financial commitment limit, subject to no-objection from Indian lenders and forthcoming reporting requirements; bank guarantees backed by counter-guarantee or collateral and personal guarantees by indirect resident promoters are to be reckoned or permitted respectively, CCPS are to be treated as equity, and financial commitment without equity may be considered under approval route with host-country compliance. en-us Wed, 28 Mar 2012 00:00:00 +0530 Fri, 30 Mar 2012 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11567 Indian parties may seek RBI approval to create charges (pledge, mortgage, hypothecation) on their immovable, movable and other financial assets to secure overseas JV/WOS obligations within the overall financial commitment limit, subject to no-objection from Indian lenders and forthcoming reporting requirements; bank guarantees backed by counter-guarantee or collateral and personal guarantees by indirect resident promoters are to be reckoned or permitted respectively, CCPS are to be treated as equity, and financial commitment without equity may be considered under approval route with host-country compliance. Circulars FEMA Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11567