https://www.taxtmi.com/notifications?id=125223 Cross border mergers are permitted subject to foreign exchange and foreign investment norms; resultant companies must comply with issuance and transfer rules for securities, treat overseas or Indian offices as branches for transactional purposes, bring transferred borrowings and guarantees into conformity with applicable external borrowing and guarantee norms within a limited compliance period, divest prohibited assets within that period with repatriation of proceeds, maintain time limited merger accounts, follow prescribed valuation rules, ensure pre-merger regulatory compliance, furnish reports to the Reserve Bank, and submit certificates of compliance with the scheme to obtain deemed Reserve Bank approval. en-us Tue, 20 Mar 2018 00:00:00 +0530 Mon, 09 Apr 2018 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125223 Cross border mergers are permitted subject to foreign exchange and foreign investment norms; resultant companies must comply with issuance and transfer rules for securities, treat overseas or Indian offices as branches for transactional purposes, bring transferred borrowings and guarantees into conformity with applicable external borrowing and guarantee norms within a limited compliance period, divest prohibited assets within that period with repatriation of proceeds, maintain time limited merger accounts, follow prescribed valuation rules, ensure pre-merger regulatory compliance, furnish reports to the Reserve Bank, and submit certificates of compliance with the scheme to obtain deemed Reserve Bank approval. Notifications FEMA Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125223