Opening of an Escrow Account is mandatory in certain corporate actions. State the forms in which an Escrow Account can be maintained as per SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for set

As per regulation 17(3), an Escrow Account opened under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, may be maintained for settlement in course of corporate actions in the following forms- (i) Cash deposited with any scheduled commercial bank; (ii) Bank guarantee issued in favour of the manager to the open offer by way of scheduled commercial bank; or (iii) Deposit of frequently traded and freely transferable equity shares or other freely transferable securities with appropriate margin, provided these securities are required to conform to the requirements set out in the SEBI Regulations.