Foreign exchange guarantees: regulations confirm authority to regulate guarantees and state commencement and supersession. The Foreign Exchange Management (Guarantees) Regulations, 2000 were made under the Foreign Exchange Management Act, 1999, invoking delegated statutory ... Summary
Foreign exchange guarantees: regulations confirm authority to regulate guarantees and state commencement and supersession.
The Foreign Exchange Management (Guarantees) Regulations, 2000 were made under the Foreign Exchange Management Act, 1999, invoking delegated statutory powers to regulate guarantees in the foreign exchange context, and the instrument prescribes its short title and the operative commencement date while noting later administrative supersession.
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