Issue of Corporate Guarantee in lieu of Bid Bond Guarantee

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ealers in Foreign Exchange Madam/Sirs, Issue of Corporate Guarantee in lieu of Bid Bond Guarantee Attention of authorised dealers is invited to Regulation 5 of the Notification No.FEMA.8/2000-RB dated May 3, 2000 in terms of which a person other than authorised dealer is permitted to give a guarantee in certain types of cases. 2. Reserve Bank has issued Notification No. FEMA.56/2002-RB....