https://www.taxtmi.com/acts?id=40951 Regulation 5 permits four categories of guarantees for overseas investment: corporate or performance guarantees by the Indian entity; corporate or performance guarantees by a qualifying group company; personal guarantees by a resident individual promoter; and bank guarantees backed by counter guarantee or collateral from the Indian entity or its qualifying group company. Guarantees by group companies count against the group company's financial commitment limit; personal promoter guarantees count towards the Indian entity's limit. Guarantees must not be open ended; invoked amounts convert to lending. Joint and several guarantees are reckoned fully against each guarantor; performance guarantees are reckoned at one half; roll overs are not fresh commitments if within the original amount. en-us Tue, 23 Aug 2022 15:35:03 +0530 Tue, 03 Jun 2025 17:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40951 Regulation 5 permits four categories of guarantees for overseas investment: corporate or performance guarantees by the Indian entity; corporate or performance guarantees by a qualifying group company; personal guarantees by a resident individual promoter; and bank guarantees backed by counter guarantee or collateral from the Indian entity or its qualifying group company. Guarantees by group companies count against the group company's financial commitment limit; personal promoter guarantees count towards the Indian entity's limit. Guarantees must not be open ended; invoked amounts convert to lending. Joint and several guarantees are reckoned fully against each guarantor; performance guarantees are reckoned at one half; roll overs are not fresh commitments if within the original amount. Act-Rules FEMA Tue, 23 Aug 2022 15:35:03 +0530 https://www.taxtmi.com/acts?id=40951