A Private Limited (Closely Held Company) took loan from XYZ bank. Loan is secured by mortgaged assets but even if Bank is demanding personal guarantee of Directors.
Directors and Shareholders are same.
Is personal guarantee of director is compulsory ????
Dear Sirs
As per new wage code introduced in November 2025, the defination of wages has been changed as Basic+DA only.
As per this can you please help the ESI applicability?
should we deduct ESI whose Gross salary Rs 42,000 then Basic Salary is Rs 21,000(50% of Gross).
So its make applicability of ESI on this? and we have to deduct ESI on Rs 21,000/- or not?
Please clarify.
SSP doesn't have an option to close sole prop firms - in the closing of firm it asks to assign another incharge. How to go about it?
thanks in advance
forgot my password. e-mail:tkd_kol@yahoo.co.in
Sir,
A individual person private hospital maintenaned my doubt account records maintained through AI tools possible or not for hospital account records.
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Is Personal Guarantee of Director is Compulsory in case of loan to company ??