Guarantees exemptions: cross border/IFSC dealer branches, custodian IPCs for FPIs, and overseas investment guarantees excluded. Regulation 4 exempts: guarantees by an authorised dealer branch outside India or in an IFSC when no other party is resident in India; Irrevocable Payment ... Summary
Guarantees exemptions: cross border/IFSC dealer branches, custodian IPCs for FPIs, and overseas investment guarantees excluded.
Regulation 4 exempts: guarantees by an authorised dealer branch outside India or in an IFSC when no other party is resident in India; Irrevocable Payment Commitments issued by an authorised dealer as custodian bank where the principal debtor is a registered Foreign Portfolio Investor and the creditor is an authorised central counterparty in India; and guarantees given under the Foreign Exchange Management (Overseas Investment) Regulations, 2022.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.