https://www.taxtmi.com/notifications?id=117203 Indian parties may create pledge or other charges on shares of overseas JV, WOS or SDS and on domestic or foreign assets (including group or related parties' assets) as security for fund based or non fund based facilities for themselves or their overseas affiliates. Such facilities are to be reckoned as the Indian party's financial commitment and must remain within the Reserve Bank's overseas investment limits; overseas lenders must be bank regulated; existing chargees must provide 'No Objection' where applicable; and transactions are subject to additional Reserve Bank conditions and applicable prudential norms. en-us Tue, 14 Oct 2014 00:00:00 +0530 Mon, 15 Dec 2014 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=117203 Indian parties may create pledge or other charges on shares of overseas JV, WOS or SDS and on domestic or foreign assets (including group or related parties' assets) as security for fund based or non fund based facilities for themselves or their overseas affiliates. Such facilities are to be reckoned as the Indian party's financial commitment and must remain within the Reserve Bank's overseas investment limits; overseas lenders must be bank regulated; existing chargees must provide 'No Objection' where applicable; and transactions are subject to additional Reserve Bank conditions and applicable prudential norms. Notifications FEMA Tue, 14 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=117203