https://www.taxtmi.com/acts?id=52547 A person resident in India acting as a creditor may arrange or obtain a guarantee in its favour. If both the principal debtor and surety are persons resident outside India, the creditor must ensure that the underlying transaction is not prohibited under the Foreign Exchange Management Act or under rules, regulations or directions issued under it. en-us Sat, 10 Jan 2026 12:04:42 +0530 Mon, 07 Sep 2026 15:43:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52547 A person resident in India acting as a creditor may arrange or obtain a guarantee in its favour. If both the principal debtor and surety are persons resident outside India, the creditor must ensure that the underlying transaction is not prohibited under the Foreign Exchange Management Act or under rules, regulations or directions issued under it. Act-Rules FEMA Sat, 10 Jan 2026 12:04:42 +0530 https://www.taxtmi.com/acts?id=52547