https://www.taxtmi.com/acts?id=52546 A person resident in India may act as a surety or principal debtor for a guarantee where the underlying transaction is not prohibited and the parties are eligible to lend to and borrow from each other. This eligibility condition is inapplicable to specified authorised dealer bank guarantees backed by a counter-guarantee or fully secured deposit, certain guarantees by Indian agents of foreign shipping or airline companies, and guarantees where both parties are resident in India. en-us Sat, 10 Jan 2026 12:04:24 +0530 Mon, 07 Sep 2026 15:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52546 A person resident in India may act as a surety or principal debtor for a guarantee where the underlying transaction is not prohibited and the parties are eligible to lend to and borrow from each other. This eligibility condition is inapplicable to specified authorised dealer bank guarantees backed by a counter-guarantee or fully secured deposit, certain guarantees by Indian agents of foreign shipping or airline companies, and guarantees where both parties are resident in India. Act-Rules FEMA Sat, 10 Jan 2026 12:04:24 +0530 https://www.taxtmi.com/acts?id=52546