Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2013

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..... 81(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. Short title and co .....

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..... Public Sector Company or a Department / Undertaking of the Government of India / State Government. Provided further that where the service importer is a Public Sector Company or a Department / Undertaking of the Government of India / State Government, no guarantee for an amount exceeding USD 100,000 or its equivalent shall be issued without the prior approval of the Ministry of Finance, Governme .....

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