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Q.29: CAN ONE FREELY CREATE A PLEDGE/MORTGAGE/HYPOTHECATION/CHARGE ON IMMOVABLE/MOVEABLE PROPERTY OR OTHER FINANCIAL ASSETS OF INDIAN PARTY/GROUP COMPANIES IN FAVOUR OF A NON- RESIDENT?


Creation of charge on domestic/ overseas assets in favor of overseas / domestic lender shall be undertaken as per A.P. (DIR Series) Circular No.54 dated December 29, 2014.


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