Tag: personal guarantees for overseas firms

Indian promoters likely to give personal guarantee on foreign assets

Source: Business Standard What is the news? In a major shift from its earlier stance, the Reserve Bank of India (RBI) has proposed allowing Indian promoters to issue personal guarantees for overseas firms in which they have acquired a controlling stake, albeit with limits. At the same time, an Indian company can pledge its foreign shareholding… Continue reading Indian promoters likely to give personal guarantee on foreign assets