https://www.taxtmi.com/acts?id=40952 An Indian entity with overseas direct investment may pledge overseas equity or create charges over specified Indian or overseas assets to secure permitted fund-based or non-fund-based facilities. Security may be provided for the Indian entity, its overseas investee entity, or overseas step-down subsidiaries, subject to the permitted security holder and asset category. The lower of the security value and facility amount is generally counted towards the financial commitment limit, subject to stated exclusions. Overseas lenders must be from permissible jurisdictions, and security creation and enforcement must comply with applicable foreign exchange requirements. en-us Tue, 23 Aug 2022 15:35:29 +0530 Mon, 07 Sep 2026 16:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40952 An Indian entity with overseas direct investment may pledge overseas equity or create charges over specified Indian or overseas assets to secure permitted fund-based or non-fund-based facilities. Security may be provided for the Indian entity, its overseas investee entity, or overseas step-down subsidiaries, subject to the permitted security holder and asset category. The lower of the security value and facility amount is generally counted towards the financial commitment limit, subject to stated exclusions. Overseas lenders must be from permissible jurisdictions, and security creation and enforcement must comply with applicable foreign exchange requirements. Act-Rules FEMA Tue, 23 Aug 2022 15:35:29 +0530 https://www.taxtmi.com/acts?id=40952