https://www.taxtmi.com/circulars?id=53163 Non-resident guarantees may support non-fund based facilities between residents under the general permission route, allowing resident subsidiaries of multinational groups to hedge foreign currency exposure through derivative contracts with Authorised Dealer Category I banks on the strength of a non resident group guarantee; discharge of guarantor liability and repayment by the principal debtor continue to be governed by A.P. (DIR Series) Circular No. 28 of 2001, and banks must notify their constituents, with directions issued under the Foreign Exchange Management Act, 1999. en-us Tue, 06 Jan 2015 00:00:00 +0530 Tue, 13 Jan 2026 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53163 Non-resident guarantees may support non-fund based facilities between residents under the general permission route, allowing resident subsidiaries of multinational groups to hedge foreign currency exposure through derivative contracts with Authorised Dealer Category I banks on the strength of a non resident group guarantee; discharge of guarantor liability and repayment by the principal debtor continue to be governed by A.P. (DIR Series) Circular No. 28 of 2001, and banks must notify their constituents, with directions issued under the Foreign Exchange Management Act, 1999. Circulars FEMA Tue, 06 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53163