Dear friends
Can a foreign company offer shares held by it in an Indian listed company as security (pledge)... if yes, is approval of RBI required for the same
What are the requisite forms and approvals to be filed.
Urgent reply is expected
Thanks in advance.
Dear Sir,
Not really aware about the forms and procedure. However role of RBI in this pledge process is sure according to me. So i'd request you to contact any professional dealing with RBI matters.
Also wait for other opinions!!!
Thanks
T R SOOD & CO
New Delhi
CA Inter
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