https://www.taxtmi.com/acts?id=52547 A person resident in India being a creditor may arrange or obtain a guarantee in its favour, subject to the condition that where the principal debtor and surety both are persons resident outside India, the creditor shall ensure that the underlying transaction is not prohibited under the Act, or rules or regulations or directions issued under the Act. en-us Sat, 10 Jan 2026 12:04:42 +0530 Sat, 10 Jan 2026 12:04:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52547 A person resident in India being a creditor may arrange or obtain a guarantee in its favour, subject to the condition that where the principal debtor and surety both are persons resident outside India, the creditor shall ensure that the underlying transaction is not prohibited under the Act, or rules or regulations or directions issued under the Act. Act-Rules FEMA Sat, 10 Jan 2026 12:04:42 +0530 https://www.taxtmi.com/acts?id=52547