https://www.taxtmi.com/circulars?id=53114 Indian companies and their Authorised Dealer Category - I banks are prohibited from issuing direct or indirect guarantees, creating contingent liabilities, or offering security for borrowings raised abroad by overseas holding, associate, subsidiary or group companies except as explicitly permitted; funds so raised cannot be used in India unless they conform to general or specific permissions under the relevant regulations, and contravening structures attract penal consequences. en-us Tue, 25 Nov 2014 00:00:00 +0530 Tue, 25 Nov 2014 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53114 Indian companies and their Authorised Dealer Category - I banks are prohibited from issuing direct or indirect guarantees, creating contingent liabilities, or offering security for borrowings raised abroad by overseas holding, associate, subsidiary or group companies except as explicitly permitted; funds so raised cannot be used in India unless they conform to general or specific permissions under the relevant regulations, and contravening structures attract penal consequences. Circulars FEMA Tue, 25 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53114