Corporate guarantee permission for operating lease financing allowed, subject to RBI directions and Foreign Trade Policy compliance. An authorized dealer bank may, subject to directions issued by the Reserve Bank, permit a person resident in India to issue a corporate guarantee in favour of an overseas lessor for financing import through operating lease effected in conformity with the Foreign Trade Policy and under the provisions of the Foreign Exchange Management (Current Account Transactions) Rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Corporate guarantee permission for operating lease financing allowed, subject to RBI directions and Foreign Trade Policy compliance.
An authorized dealer bank may, subject to directions issued by the Reserve Bank, permit a person resident in India to issue a corporate guarantee in favour of an overseas lessor for financing import through operating lease effected in conformity with the Foreign Trade Policy and under the provisions of the Foreign Exchange Management (Current Account Transactions) Rules.
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