https://www.taxtmi.com/article/detailed?id=12897 The Regulations prohibit persons from giving guarantees that secure debts or obligations of Indian residents to non-residents except with prior regulatory approval; an amendment bars foreign credit enhancement for domestic rupee structured obligations without approval while allowing eligible borrowers to obtain overseas guarantees for domestic capital-market debt subject to regulator-prescribed terms. Authorized dealers may give guarantees and Irrevocable Payment Commitments in specified export, import, hedging and portfolio investment contexts subject to conditions and counter-guarantee requirements. Non-authorized persons may give guarantees in limited cases-project performance, bid bonds, guarantees for overseas subsidiaries or agents-subject to prior approvals and compliance with related foreign security and trade rules. en-us Tue, 03 Sep 2024 10:01:13 +0530 Tue, 03 Sep 2024 10:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12897 The Regulations prohibit persons from giving guarantees that secure debts or obligations of Indian residents to non-residents except with prior regulatory approval; an amendment bars foreign credit enhancement for domestic rupee structured obligations without approval while allowing eligible borrowers to obtain overseas guarantees for domestic capital-market debt subject to regulator-prescribed terms. Authorized dealers may give guarantees and Irrevocable Payment Commitments in specified export, import, hedging and portfolio investment contexts subject to conditions and counter-guarantee requirements. Non-authorized persons may give guarantees in limited cases-project performance, bid bonds, guarantees for overseas subsidiaries or agents-subject to prior approvals and compliance with related foreign security and trade rules. Articles FEMA - Foreign Exchange Management Tue, 03 Sep 2024 10:01:13 +0530 https://www.taxtmi.com/article/detailed?id=12897