A foreign equity holder holding minimum 25% direct equity holding in the borrowing entity or minimum indirect equity holding of 51% in the borrowing entity is a recognised lender. Can the foreign equity holder dispose-off the holding once ECB is contracted?

A foreign equity holder holding minimum 25% direct equity holding in the borrowing entity or minimum indirect equity holding of 51% in the borrowing entity is a recognised lender. Can the foreign equity holder dispose-off the holding once ECB is contracted? https://www.taxtmi.com/manuals?id=5830 A foreign equity holder qualifies as a recognised lender only if it maintains the prescribed minimum equity holding thresholds in the borrowing entity for the entire tenure of the ECB; the minimum direct or indirect ownership conditions must be satisfied continuously and not only at contracting. en-us Thu, 21 Nov 2024 14:13:00 +0530 Thu, 21 Nov 2024 14:13:00 +0530 TaxTMI RSS Generator A foreign equity holder holding minimum 25% direct equity holding in the borrowing entity or minimum indirect equity holding of 51% in the borrowing entity is a recognised lender. Can the foreign equity holder dispose-off the holding once ECB is contracted? https://www.taxtmi.com/manuals?id=5830 A foreign equity holder qualifies as a recognised lender only if it maintains the prescribed minimum equity holding thresholds in the borrowing entity for the entire tenure of the ECB; the minimum direct or indirect ownership conditions must be satisfied continuously and not only at contracting. Manuals FEMA Thu, 21 Nov 2024 14:13:00 +0530 https://www.taxtmi.com/manuals?id=5830