https://www.taxtmi.com/circulars?id=53153 Creation of a charge on shares of an overseas joint venture, wholly owned subsidiary or step down subsidiary by an Indian investor is permitted under the automatic route subject to regulatory financial commitment compliance and other notification requirements. Overseas assets charged must not be securitised; charge periods should align with end use; loans from domestic lenders must fund core overseas activities and not investments back into India; an auditor's certificate confirming non utilisation for India must be retained; and invocation leading to domestic acquisition of overseas assets requires prior central bank approval. en-us Mon, 29 Dec 2014 00:00:00 +0530 Tue, 30 Dec 2014 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53153 Creation of a charge on shares of an overseas joint venture, wholly owned subsidiary or step down subsidiary by an Indian investor is permitted under the automatic route subject to regulatory financial commitment compliance and other notification requirements. Overseas assets charged must not be securitised; charge periods should align with end use; loans from domestic lenders must fund core overseas activities and not investments back into India; an auditor's certificate confirming non utilisation for India must be retained; and invocation leading to domestic acquisition of overseas assets requires prior central bank approval. Circulars FEMA Mon, 29 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53153