NBFC and subsidiary
This query is : Resolved
23 June 2008
"A" company is an NBFC and is subsidiary of company "B". "A" takes loan from "B". Is there any agreement is required to be entered? and if yes. Format of the agreeemnt is available?
02 October 2008
If it is unsecured it is enough if a letter (containing terms) is exchanged and a promissory note executed.
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