https://www.taxtmi.com/notifications?id=3798 The Reserve Bank of India amended the borrowing or lending in foreign exchange regulations to require that when a loan exceeds the prescribed threshold, the overseas borrower must furnish a guarantee from a bank of international repute located outside India in favour of the lender, creating a mandatory external bank-guarantee security condition for larger cross-border loans; the amendment is effective on publication in the Official Gazette. en-us Sat, 06 Mar 2004 00:00:00 +0530 Sat, 04 Oct 2008 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3798 The Reserve Bank of India amended the borrowing or lending in foreign exchange regulations to require that when a loan exceeds the prescribed threshold, the overseas borrower must furnish a guarantee from a bank of international repute located outside India in favour of the lender, creating a mandatory external bank-guarantee security condition for larger cross-border loans; the amendment is effective on publication in the Official Gazette. Notifications FEMA Sat, 06 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3798