Response to this Question

    Loan given to another person against the collateral security of shares/ immoveable property of 'A' is permitted. 'A' can also provide a guarantee in relation to loan to a resident in general provided no direct or indirect outgo from India is involved by way of guarantee commission or otherwise.

    A resident other than a bank can provide guarantee in favour of a NRI only with prior RBI permission.

Date : 16-Nov-2019 

Other questions in NRI category


Answer : There is no restriction on gifts by NRIs to reside...

Date : 5-Dec-2019 11:02:40 PM


Answer : There are no restrictions on repatriation of curre...

Date : 13-Nov-2019 6:02:40 PM

Meaning of NRI?

Answer : The definition of a NRI is significant from the pe...

Date : 9-Nov-2019 4:02:40 PM

Mutual funds

Answer : NRIs can freely invest on repatriation and non-rep...

Date : 8-Nov-2019 7:02:40 PM