https://www.taxtmi.com/circulars?id=52419 Corporate guarantees for second-generation or subsequent step-down overseas subsidiaries will be considered under the Approval Route where the Indian Party indirectly holds 51 per cent or more stake in the overseas subsidiary for which such guarantee is intended to be issued; other provisions of the earlier circular remain unchanged. en-us Tue, 10 Sep 2013 00:00:00 +0530 Wed, 11 Sep 2013 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52419 Corporate guarantees for second-generation or subsequent step-down overseas subsidiaries will be considered under the Approval Route where the Indian Party indirectly holds 51 per cent or more stake in the overseas subsidiary for which such guarantee is intended to be issued; other provisions of the earlier circular remain unchanged. Circulars FEMA Tue, 10 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52419