Advocate Nishant Mehrotra practices at Allahabad High Court. He enrolled with the Bar Council of Utt... Read More
Opening of Escrow account
Can an escrow account be opened without RBI permission for the non-resident permitted to acquire share on stock exchange under FDI scheme?
- Sector-1, Noida
Yes, an escrow account for the purpose can be opened under General Permission under Regulation 5(5) of Foreign Exchange Management (Deposit) Regulations.
Answered on 28 Sep 2018
4/4 people found this helpful
Didn't find the answer you are looking for?
Talk to experienced lawyer online and get your answered in minutes.