https://www.taxtmi.com/acts?id=40952 An Indian entity making ODI in equity may pledge that equity or create charges on prescribed assets-domestic assets (including group/associate/promoter/director assets) or overseas assets of the foreign investee or step down subsidiary-in favour of an AD bank, a public financial institution, an overseas lender, or a SEBI registered debenture trustee to secure fund based or non fund based facilities for itself or for foreign investees. The value reckoned towards the financial commitment limit is the lesser of the pledge/charge value or facility amount, subject to jurisdictional and statutory compliance and exclusions for certain negative pledges and bid bonds. en-us Tue, 23 Aug 2022 15:35:29 +0530 Tue, 03 Jun 2025 17:55:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40952 An Indian entity making ODI in equity may pledge that equity or create charges on prescribed assets-domestic assets (including group/associate/promoter/director assets) or overseas assets of the foreign investee or step down subsidiary-in favour of an AD bank, a public financial institution, an overseas lender, or a SEBI registered debenture trustee to secure fund based or non fund based facilities for itself or for foreign investees. The value reckoned towards the financial commitment limit is the lesser of the pledge/charge value or facility amount, subject to jurisdictional and statutory compliance and exclusions for certain negative pledges and bid bonds. Act-Rules FEMA Tue, 23 Aug 2022 15:35:29 +0530 https://www.taxtmi.com/acts?id=40952