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Can individual indirect promoters of the Indian Party issue personal guarantee to an ....

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Can individual indirect promoters of the Indian Party issue personal guarantee to an overseas lender on behalf of the JV/WOS under general permission?

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Hi, With effect from March 28, 2012, issuance of personal guarantee by the promoters of the Indian Party as presently allowed under the General Permission has also been extended to the indirect resident individual promoters of the Indian Party with same stipulations as in the case of personal guarantee by the direct promoters

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Open uri20170510 32134 1uwcnoc?1494421631 answered

**With effect from March 28, 2012**, issuance of personal guarantee by the promoters of the Indian Party as presently allowed under the General Permission has also been extended to the indirect resident individual promoters of the Indian Party with same stipulations as in the case of personal guarantee by the direct promoters

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Open uri20170510 32134 s5bvk0?1494421637 answered

Dear Friend, as far as your query is concerned that Can individual indirect promoters of the Indian Party issue personal guarantee to an overseas lender on behalf of the JV/WOS under general permission? Let me informed that With effect from March 28, 2012, issuance of personal guarantee by the promoters of the Indian Party as presently allowed under the General Permission has also been extended to the indirect resident individual promoters of the Indian Party with same stipulations as in the case of personal guarantee by the direct promoters Hope answer was helpful to you Regards, Arjun Pratap Singh

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