https://www.taxtmi.com/acts?id=20783 INR escrow accounts may be opened with an Authorised Dealer for specified acquisitions or transfers of capital instruments and convertible notes. Permitted credits include foreign inward remittances, specified rupee consideration and qualifying bank guarantees; debits are limited to transaction consideration and refunds where an FDI transaction fails. Accounts are non-interest-bearing, ordinarily operate for no more than six months, and cannot support fund-based or non-fund-based facilities. The Authorised Dealer must ensure KYC compliance. Remaining balances may be repatriated after transaction formalities, while failed transactions may allow refund or repatriation after verification of remittance bona fides. en-us Thu, 07 Apr 2016 12:04:50 +0530 Tue, 08 Sep 2026 17:24:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20783 INR escrow accounts may be opened with an Authorised Dealer for specified acquisitions or transfers of capital instruments and convertible notes. Permitted credits include foreign inward remittances, specified rupee consideration and qualifying bank guarantees; debits are limited to transaction consideration and refunds where an FDI transaction fails. Accounts are non-interest-bearing, ordinarily operate for no more than six months, and cannot support fund-based or non-fund-based facilities. The Authorised Dealer must ensure KYC compliance. Remaining balances may be repatriated after transaction formalities, while failed transactions may allow refund or repatriation after verification of remittance bona fides. Act-Rules FEMA Thu, 07 Apr 2016 12:04:50 +0530 https://www.taxtmi.com/acts?id=20783