14 December 2011
I WANT TO KNOW WHETHER SECTION 372A IS APPLICABLE IN THE FOLLOWING CASE:-
COMPANY A HAS ENTERED INTO AN AGREEMENT WITH SOME BODY CORPORATE FOR SALE OF ONE OF ITS PROJECT AND THE SAID BODY CORPORATE IN ORDER TO SECURE ITS INVESTMENT ASKED COMPANY A TO PROVIDE A CORPORATE GUARANTEE AND COMPANY A EXECUTED THE REQUISITE CORPORATE GUARANTEE. WHETHER THIS CORPORATE GUARANTEE IS COVERED UNDER SECTION 372A FOR COMPANY A
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