pesonal guarantee of director

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ruchi bhagat (Querist)
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28 August 2008 can an independent director of a pvt. ltd. company give his personal guarantee for the bank loan to the company.

S.Srinivasaraghavan (Expert)
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28 August 2008 Any director who is acceptable to the bank!
By the by what do you mean by an independent director in a pvt ltd co.?

CA. Dashrath Maheshwari (Expert)
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28 August 2008 JUST CHECK THE ARTICLES OF THAT COMPANY BEFORE GIVING GUARANTEE

**DM

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