https://www.taxtmi.com/acts?id=20783 An Escrow account in Indian rupees may be opened with an Authorised Dealer as Escrow Agent for acquisition or transfer of capital instruments/convertible notes; permitted credits include foreign inward remittance and authorised-dealer guarantees, while permitted debits follow SEBI (SAST) or related SEBI regulations, including transfer of consideration to beneficiaries and refunds on failed transactions. The account must be non-interest bearing, no facilities may be created against its balances, KYC compliance rests with the Authorised Dealer, and balances may be repatriated after acquisition formalities at prevailing exchange rates; normal operation is limited to six months unless Reserve Bank permission is obtained. en-us Thu, 07 Apr 2016 12:04:50 +0530 Tue, 17 Jun 2025 10:16:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20783 An Escrow account in Indian rupees may be opened with an Authorised Dealer as Escrow Agent for acquisition or transfer of capital instruments/convertible notes; permitted credits include foreign inward remittance and authorised-dealer guarantees, while permitted debits follow SEBI (SAST) or related SEBI regulations, including transfer of consideration to beneficiaries and refunds on failed transactions. The account must be non-interest bearing, no facilities may be created against its balances, KYC compliance rests with the Authorised Dealer, and balances may be repatriated after acquisition formalities at prevailing exchange rates; normal operation is limited to six months unless Reserve Bank permission is obtained. Act-Rules FEMA Thu, 07 Apr 2016 12:04:50 +0530 https://www.taxtmi.com/acts?id=20783