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Overdraft facility against fixed deposit

A is a private limited companay registered in India. Mr. X is a NRI share holder. Mr. X is having fixed deposit with MNC Bank in foreign. Can A pvt ltd company can avail bank overdraft facility in india against the fixed deposit from same MNC bank (branch India).


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The question is so poorly written that it is impossible to answer.  It also seeems to be very incomplete.  I doubt that anyone can formulate a cogent reply. 


Posted 6 months ago ( permalink )
tennisguy was invited by Yedda to answer this question.

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