Now authorized persons need not file a return disclosing detail of guarantee availed & invoked from NR entities: RBI
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- Last Updated on 13 June, 2022
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Circular no. RBI/2022-23/69 A.P. (DIR Series) Circular No. 05, Dated: 09.06.2022
The RBI has decided to discontinue the return w.r.t Details of guarantee availed and invoked from non-resident entities under the Foreign Exchange Management Act, 1999 with effect from the quarter ending June 2022. Earlier, RBI issued A.P. (DIR Series) circular No 26, dated February 18, 2022, wherein Authorised Persons were advised about the proposed discontinuation of the said return.
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