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FEMA related

This query is : Resolved 
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(Querist)
03 February 2009 Dear Sir/Madam

Can a Person Resident Outside India give guarantee in respect of a Loan taken by a Person Resident in India (Loan is taken from a Person Resident In India).

Pls give answer with Sections of FEMA.
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KAAPIL

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KAAPIL (Expert)
03 February 2009 No.
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KAAPIL

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KAAPIL (Expert)
05 February 2009 I will send you the page number of the notification from SnowwhiteBook.
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