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Section 10 in Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 [Entire Act]

Management (Borrowing and Lending in Foreign Exchange) Regulations, 2000 may pledge the shares of the borrowing company or that of its associate resident companies ... maturity of the underlying external commercial borrowing; (ii) in case of invocation of pledge, transfer shall be in accordance with these Regulations and directions issued
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