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The Update covers Foreign Exchange Management (Guarantee) Regulations, 2026 which have replaced the Foreign Exchange Management (Guarantee) Regulations, 2000.
Elaborately discussing the notable changes, like changes in various definitions, Permissibility to act as surety or principal debtor, Exemption from the requirement to satisfy the eligibility to lend to and borrow from each other, Permissibility to act as principal creditor, Reporting Requirements, and Late submission fees, the Update covers various relevant comments from the LKS Team dealing with Foreign Exchange Laws
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