Can an Indian party issue corporate guarantee on behalf of its second generation subsidiary abroad?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 ROHIT SINGH asked about 3 years ago

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered almost 3 years ago

Hi, Indian party is permitted, under the Approval Route, to issue corporate guarantee on behalf of second generation or subsequent level step down operating subsidiaries, provided the Indian Party indirectly holds 51 per cent or more stake in the overseas second level step down operating subsidiary for which such guarantee is intended to be issued.

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Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered about 3 years ago

Indian party is permitted, under the Approval Route, to issue corporate guarantee on behalf of second generation or subsequent level step down operating subsidiaries, provided the Indian Party indirectly holds 51 per cent or more stake in the overseas second level step down operating subsidiary for which such guarantee is intended to be issued.

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Open uri20170510 32134 s5bvk0?1494421637 ARJUN PRATAP SINGH answered about 3 years ago

Dear Friend, as far as your query is concerned that Can an Indian party issue corporate guarantee on behalf of its second generation subsidiary abroad? Let me informed that Indian party is permitted, under the Approval Route, to issue corporate guarantee on behalf of second generation or subsequent level step down operating subsidiaries, provided the Indian Party indirectly holds 51 per cent or more stake in the overseas second level step down operating subsidiary for which such guarantee is intended to be issued. Hope answer was helpful to you Regards, Arjun Pratap Singh

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