https://www.taxtmi.com/acts?id=2279 No person resident in India shall give a guarantee or surety in respect of, or undertake a transaction, by whatever name called, which has the effect of guaranteeing, a debt, obligation or other liability owed by a person resident in India to, or incurred by, a person resident outside India, except as provided in these regulations or with the general or special permission of the Reserve Bank. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 18 Jun 2025 11:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2279 No person resident in India shall give a guarantee or surety in respect of, or undertake a transaction, by whatever name called, which has the effect of guaranteeing, a debt, obligation or other liability owed by a person resident in India to, or incurred by, a person resident outside India, except as provided in these regulations or with the general or special permission of the Reserve Bank. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2279