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of <h1>Return on Non-Resident Guarantees Discontinued Under FEMA 1999, Effective June 2022 Quarter; Banks to Notify Clients.</h1> The circular announces the discontinuation of the return 'Details of guarantee availed and invoked from non-resident entities' under the Foreign Exchange Management Act, 1999, effective from the quarter ending June 2022. This decision follows previous advisories and updates to Master Directions relating to external commercial borrowings and reporting. Authorized banks are instructed to inform their clients about this change. The circular is issued under specific sections of the Foreign Exchange Management Act, 1999, and does not affect any other legal permissions or approvals required.
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