Foreign Exchange Management (Guarantees) (Amendment) Regulations (5) 2010

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..... . 634(E).- In exercise of the powers conferred by clause (j) of sub-section (3) of Section 6, and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) , the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Guarantees) Regulations, 2000 ( Notification No. FEMA 8/2000-RB, dated May 3, 2000 ), namely :- 1. Shor .....

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..... zed dealer may, subject to the directions issued by the Reserve Bank in this behalf, permit a person resident in India to issue corporate guarantee in favour of an overseas lessor for financing import through operating lease effected in conformity with the Foreign Trade Policy in force and under the provisions of the Foreign Exchange Management (Current Account Transactions) Rules, 2000 framed b .....

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