https://www.taxtmi.com/notifications?id=6476 Non-resident acquirers may open, hold and maintain Escrow Account and Special Account with Authorised Dealers in India without prior RBI approval for acquisition/transfer of shares or convertible debentures through open offers, delisting or exit offers, subject to Schedule 8 terms and compliance with SEBI (including SAST) Regulations and applicable Companies Act provisions. Schedule 8 requires non interest bearing rupee accounts, permitted credits/debits as per SEBI regulations, authorised resident operation with AD approval, no bank facilities against balances, KYC compliance by the AD, repatriation rules and immediate closure upon completion. en-us Tue, 18 Sep 2007 00:00:00 +0530 Wed, 08 Apr 2015 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=6476 Non-resident acquirers may open, hold and maintain Escrow Account and Special Account with Authorised Dealers in India without prior RBI approval for acquisition/transfer of shares or convertible debentures through open offers, delisting or exit offers, subject to Schedule 8 terms and compliance with SEBI (including SAST) Regulations and applicable Companies Act provisions. Schedule 8 requires non interest bearing rupee accounts, permitted credits/debits as per SEBI regulations, authorised resident operation with AD approval, no bank facilities against balances, KYC compliance by the AD, repatriation rules and immediate closure upon completion. Notifications FEMA Tue, 18 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/notifications?id=6476