INDIAN CENTRAL BANK WIDENS SCOPE OF GUARANTEES BY CORPORATES. (28-MAR-06) AsiaPulse News

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INDIAN CENTRAL BANK WIDENS SCOPE OF GUARANTEES BY CORPORATES.

Publication: AsiaPulse News

Publication Date: 28-MAR-06

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MUMBAI, March 28 Asia Pulse - The Reserve Bank of India has permitted corporates to issue any form of guarantee under automatic route for overseas investment by group companies, sister concern or associate companies.

Earlier, promoters and corporates could issue only personal, collateral and third party guarantees for wholly-owned...

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