https://www.taxtmi.com/news?id=13010 Authorised Dealer Category-I banks may issue bank guarantees on behalf of non-resident investors acquiring shares or convertible debentures through open offers, delisting or exit offers without prior Reserve Bank approval, provided the transaction complies with SEBI takeover regulations and the AD's guarantee is backed by a counter guarantee from a bank of international repute; guarantees must be co terminus with the offer period and any invocation requires the AD to report circumstances to the Reserve Bank. en-us Fri, 11 Jul 2014 18:19:09 +0530 Fri, 11 Jul 2014 18:19:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13010 Authorised Dealer Category-I banks may issue bank guarantees on behalf of non-resident investors acquiring shares or convertible debentures through open offers, delisting or exit offers without prior Reserve Bank approval, provided the transaction complies with SEBI takeover regulations and the AD's guarantee is backed by a counter guarantee from a bank of international repute; guarantees must be co terminus with the offer period and any invocation requires the AD to report circumstances to the Reserve Bank. News - Fri, 11 Jul 2014 18:19:09 +0530 https://www.taxtmi.com/news?id=13010