TMI BlogGuarantee on Behalf of NRI InvestmentsX X X X Extracts X X X X X X X X Extracts X X X X ..... Guarantee on Behalf of NRI Investments - News and Press Release Dated:- 11-7-2014 - News - Reserve Bank of India (RBI) has informed that in order to provide operational flexibility and ease the proc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edures, it has been decided to permit Authorised Dealer (AD) Category-I banks to issue bank guarantee, without prior approval of the RBI, on behalf of a non-resident acquiring shares or convertible de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bentures of an Indian company through open offers/delisting/exit offers, provided: i) the transaction is in compliance with the provisions of the Securities and Exchange Board of India (Substantial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Acquisition of Shares and Takeover) [SEBI (SAST)] Regulations; ii) the guarantee given by the AD Category-I bank is covered by a counter guarantee of a bank of international repute. The guarantee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall be valid for a tenure co-terminus with the offer period as required under the SEBI (SAST) Regulations. In case of invocation of the guarantee, the (AD) Category-I bank is required to submit t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o RBI, a report on the circumstances leading to the invocation of the guarantee. This information was given by the Minister of State for Finance, Smt. Nirmala Sitharaman in written reply to a quest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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