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Guarantee from foreign holding

(Querist) 25 September 2013 This query is : Resolved 
Can foreign holding give guarantee to its Indian wholly owned subsidiary? Which rules/regulation will be applicable & where the documents to be executed? the guarantee is required by Indian subsidiary for availing loan. (form Indian Bank)
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Devajyoti Barman (Expert) 12 October 2013
The guarantee by foreign company has no value in India.

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