TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI amends Foreign Exchange Management Regulations restricting overseas guarantees for domestic rupee obligations under Section 3A</h1> The Reserve Bank of India amended the Foreign Exchange Management (Guarantees) Regulations through notification dated December 6, 2012, with retrospective effect from September 26, 2011. The amendment inserted Regulation 3A, restricting companies registered under the Companies Act, 1956 from obtaining overseas guarantees for domestic rupee-denominated structured obligations without prior RBI approval. However, infrastructure development companies and infrastructure financial companies may obtain such credit enhancements from non-resident persons for domestic debts raised through bonds and debentures, subject to RBI-stipulated terms and conditions, without requiring prior approval.
TaxTMI 
TaxTMI 
