https://www.taxtmi.com/notifications?id=116328 Regulatory amendments treat fifty per cent of performance guarantees issued by an Indian party for its overseas JV/WOS as part of overseas financial commitments and require prior Reserve Bank approval if invocation would breach exposure ceilings; bank guarantees issued by resident banks on behalf of overseas JV/WOS and backed by counter-guarantee/collateral of the Indian party are fully included. The Regulations permit loans, corporate guarantees for first-generation step-down companies, personal guarantees by indirect resident promoters within limits, CCPS to be treated as equity, and allow listed Indian parties to write off up to twenty-five per cent of equity/receivables subject to documentation and reporting, with creation of charges on assets permitted with prior approval. en-us Wed, 08 May 2013 00:00:00 +0530 Fri, 18 Apr 2014 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116328 Regulatory amendments treat fifty per cent of performance guarantees issued by an Indian party for its overseas JV/WOS as part of overseas financial commitments and require prior Reserve Bank approval if invocation would breach exposure ceilings; bank guarantees issued by resident banks on behalf of overseas JV/WOS and backed by counter-guarantee/collateral of the Indian party are fully included. The Regulations permit loans, corporate guarantees for first-generation step-down companies, personal guarantees by indirect resident promoters within limits, CCPS to be treated as equity, and allow listed Indian parties to write off up to twenty-five per cent of equity/receivables subject to documentation and reporting, with creation of charges on assets permitted with prior approval. Notifications FEMA Wed, 08 May 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116328