https://www.taxtmi.com/notifications?id=115827 A non-resident may open an escrow account in India with an authorized dealer bank in domestic currency for acquisition of shares or convertible debentures through open offers, delisting or exit offers, subject to the terms of the Foreign Exchange Management (Deposit) Regulations and compliance with SEBI Substantial Acquisition of Shares and Takeovers Regulations; such escrow accounts may be funded by inward remittance through normal banking channels and/or by a guarantee from an authorized dealer bank under the Foreign Exchange Management (Guarantees) Regulations. en-us Tue, 05 Mar 2013 00:00:00 +0530 Mon, 12 Aug 2013 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=115827 A non-resident may open an escrow account in India with an authorized dealer bank in domestic currency for acquisition of shares or convertible debentures through open offers, delisting or exit offers, subject to the terms of the Foreign Exchange Management (Deposit) Regulations and compliance with SEBI Substantial Acquisition of Shares and Takeovers Regulations; such escrow accounts may be funded by inward remittance through normal banking channels and/or by a guarantee from an authorized dealer bank under the Foreign Exchange Management (Guarantees) Regulations. Notifications FEMA Tue, 05 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=115827