Sample template of CA certificate for verifying Indian share holders guarantee is sufficient for increase credit limit of a foreign company under Fema section 372A in word / doc / pfd free download
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Neetu Singh & Co 45/5 N S Road
Chartered Accountants 12
Khhamba Road
New
Delhi – 4101214
TO WHOMSOEVER IT MAY CONCERN
The Board of
Directors of M/s Anik Ghee Limited in its meeting held on 15th June’2019
has authorized to extend a guarantee in favour of ABC NBF Group and Birla Fund
Limited (on a joint and several basis) along with., Shobha Developers Pvt.
Ltd., Sachin Metals (New Delhi) Pvt. Ltd., Raja Properties & Finance Pvt.
Ltd. and upto US$ 50 million in respect of a loan facility to be granted to Stone
Cold Pte Ltd., Singapore.
We have checked
and verified the records and relevant documents of M/s Anik Ghee Limited having
its registered office at 14/5 N B C D Road, New Delhi – 415 154 and on the
basis of such verification, information and explanations received from the
aforesaid company, we hereby certify that total value of the Indian Shareholder
guarantee being extended on a joint and several basis together with all the
previous investments and/or Loan made and guarantees proposed to be given as
mentioned above (on a joint and several basis) along with the companies
mentioned herein above does not exceed the limits prescribed under the Foreign
Exchange Management (Transfer or issue of any Foreign Security) Regulations
2004 as amended from time to time.
We further certify that the value of the guarantee being
extended along with all the previous loans, investments, etc. does not exceed
the limits stipulated under section 372A of the Indian Companies Act’ 1956.
For Neetu Singh & Co.
Chartered Accountants
(Neetu Singh)
Proprietor
Membership No. 145225
Place : New Delhi
Date : 15.06.2019
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