https://www.taxtmi.com/acts?id=52543 Guarantee, including a counter-guarantee, covers any contract under which a promise is performed or a debt, obligation or other liability is discharged upon default by the principal debtor, including a portfolio of such liabilities. A creditor receives the guarantee, a principal debtor is the person whose default triggers it, and a surety gives it. Authorised dealer and IFSC carry their specified statutory meanings, while undefined terms take their meanings from the Act and subordinate rules or regulations. en-us Sat, 10 Jan 2026 12:03:27 +0530 Mon, 07 Sep 2026 15:41:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52543 Guarantee, including a counter-guarantee, covers any contract under which a promise is performed or a debt, obligation or other liability is discharged upon default by the principal debtor, including a portfolio of such liabilities. A creditor receives the guarantee, a principal debtor is the person whose default triggers it, and a surety gives it. Authorised dealer and IFSC carry their specified statutory meanings, while undefined terms take their meanings from the Act and subordinate rules or regulations. Act-Rules FEMA Sat, 10 Jan 2026 12:03:27 +0530 https://www.taxtmi.com/acts?id=52543