https://www.taxtmi.com/acts?id=40951 Financial commitment through guarantees may be provided by an Indian entity, specified group companies, resident individual promoters, or banks backed by eligible counter-guarantees or collateral. Group-company guarantees are independently counted against their financial commitment limit, while a resident promoter's guarantee counts against the Indian entity's limit. Guarantees cannot be open-ended. Invoked amounts are treated as lending, joint and several guarantees are fully counted against each issuer, performance guarantees are counted at half their value, and qualifying roll-overs are not fresh financial commitment. en-us Tue, 23 Aug 2022 15:35:03 +0530 Mon, 07 Sep 2026 16:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40951 Financial commitment through guarantees may be provided by an Indian entity, specified group companies, resident individual promoters, or banks backed by eligible counter-guarantees or collateral. Group-company guarantees are independently counted against their financial commitment limit, while a resident promoter's guarantee counts against the Indian entity's limit. Guarantees cannot be open-ended. Invoked amounts are treated as lending, joint and several guarantees are fully counted against each issuer, performance guarantees are counted at half their value, and qualifying roll-overs are not fresh financial commitment. Act-Rules FEMA Tue, 23 Aug 2022 15:35:03 +0530 https://www.taxtmi.com/acts?id=40951