https://www.taxtmi.com/circulars?id=52403 Permits AD Category I banks to issue bank guarantees for non resident acquisitions of shares or convertible debentures via open offers, delisting or exit offers without prior RBI approval, provided the transaction complies with SEBI (SAST) Regulations and the issuing bank obtains a counter guarantee from a bank of international repute; guarantees must be co terminus with the offer period and, if invoked, the issuing bank must report circumstances to the Reserve Bank's Foreign Exchange Department. en-us Thu, 05 Sep 2013 00:00:00 +0530 Tue, 13 Jan 2026 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52403 Permits AD Category I banks to issue bank guarantees for non resident acquisitions of shares or convertible debentures via open offers, delisting or exit offers without prior RBI approval, provided the transaction complies with SEBI (SAST) Regulations and the issuing bank obtains a counter guarantee from a bank of international repute; guarantees must be co terminus with the offer period and, if invoked, the issuing bank must report circumstances to the Reserve Bank's Foreign Exchange Department. Circulars FEMA Thu, 05 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52403