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Bank guarantee stand when company takeover unregistered firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 November 2012 when the company main object is to take over the existing unregistered firm as a going concern. my question is when the firm is given bank guarantee. what its validity now? Shall we again draft the agreement or the old one holds good? kindly guide.

14 November 2012 In the takeover agreement mention about the BG and on expiry the same shall belong to the company



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