Restriction on Obtaining Overseas Guarantee

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Full Text of the Document

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....ement in the form of guarantee by international banks, international financial institutions or joint venture partners, except with the prior approval of the Reserve Bank : Provided howsoever that, 2[a person resident in India who is eligible to raise foreign currency loan under sub-regulation (1) of Regulation 6 of Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations....