Legal Question in Banking Law in India
can an indian resident or indian company assign fixed deposit reciept to any international or foreign base company?
Asked on 6/27/15, 9:43 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
30.06.2015
Dear Sir / Madam,
Please refer to the undermentioned condition in the following RBI link :
https://rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=5140#13
(v) resort to unethical practices of raising of resources through agents/third parties to meet the credit needs of the existing/prospective borrowers or to grant loans to the intermediaries based on the consideration of deposit mobilization.
Reference to the issuer of the Fixed Deposit receipt is advisable and recommended.
Regards,
Answered on 6/30/15, 7:11 am
Related Questions & Answers
-
I have a personal loan of 6 lacs taken a year back.i took it for a friend who... Asked 6/27/15, 3:09 pm in India Banking Law
-
Thank you for your answer sir, but in this case we file a case against bank sir,we... Asked 6/27/15, 9:35 am in India Banking Law
-
Sir, recently I have taken over my homeloan from lichfl to sbi. sbi gave me dd which... Asked 6/27/15, 8:58 am in India Banking Law
-
In case of Educational loan availed by the student the stamp duty has been exempted... Asked 6/27/15, 3:35 am in India Banking Law
-
We buy a sme loan for 7 years ,2 years completed we go to other bank ,but they... Asked 6/27/15, 12:44 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
