Legal Question in Business Law in India
Company 'A' has been sanctioned a loan by a Bank. As security, corporate guarantee is required to be obtained from a foreign Company ('Company B' - a company incorporated outside India)which is also the parent co. of said Company A.
What are the formalities required under Indian Laws and regulations for obtaining such corporate guarantee from a foreign Company. Whether RBI�s permission is also required to be obtained?
Asked on 3/16/11, 5:01 am
1 Answer from Attorneys
Professor SOMNATH MUKHERJEE
MUKHERJEE ASSOCIATES(Cell +91 9874753359/ 9477781578)
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Answered on 5/24/11, 9:27 am
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