Section 6(3)(c) in The Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004
(c)[hundred per cent. of the amount of guarantees] [ Substituted by G.S.R. 13(E), dated 9.10.2007, for " fifty per cent. of the amount of grantees" (w.r.e.f. 14.6.2007).] issued by the Indian party to or on behalf of the Joint Venture company or Wholly Owned Subsidiary.