https://www.taxtmi.com/notifications?id=116829 A new sub regulation permits a non resident investor of an Indian company listed on a recognised stock exchange to pledge that company's shares in favour of a Non Banking Financial Company in India to secure credit facilities extended to the resident investee company for bonafide business purposes, subject to the authorised dealer bank satisfying itself of compliance with conditions stipulated by the Reserve Bank of India. en-us Thu, 22 May 2014 00:00:00 +0530 Sat, 07 Jun 2014 09:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116829 A new sub regulation permits a non resident investor of an Indian company listed on a recognised stock exchange to pledge that company's shares in favour of a Non Banking Financial Company in India to secure credit facilities extended to the resident investee company for bonafide business purposes, subject to the authorised dealer bank satisfying itself of compliance with conditions stipulated by the Reserve Bank of India. Notifications FEMA Thu, 22 May 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116829