Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can loans be granted abroad against collateral of the shares/debentures of Indian companies?

April 26, 2017abroad collateral companies debentures GRANTED indian Loans Shares

0

Posted

Can loans be granted abroad against collateral of the shares/debentures of Indian companies?

1 Answer

0

Posted

Yes. Authorized dealers have the power to grant loans/overdrafts abroad to NRIs through their overseas branches and correspondents against collateral of the shares/debentures of Indian companies only if the concerned shares/debentures were acquired on repatriation basis For how long is the permission valid for buying shares/debentures and units of domestic mutual funds? Approval from the Reserve Bank is valid for a period of five years from the date of issue. This can be renewed by a request by means of a simple letter. IFL International Ferro Metals (IFM) is an integrated ferro chrome producer that is listed on LSE (LSE code: IFL) Online Loan Loans, Loans, Loans search online for the best rates and the cheapest loan that you can afford.