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Corporate Guarantee from foregn Company

Querist : Anonymous (Querist) 16 March 2011 This query is : Open 
Company 'A' has been sanctioned a loan by a Bank. As security, corporate guarantee is required to be obtained from a foreign Company ('Company B' - a company incorporated outside India)which is also the parent co. of said Company A.

What are the formalities required under Indian Laws and regulations for obtaining such corporate guarantee from a foreign Company. Whether RBI’s permission is also required to be obtained?
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