Repayment of amounts to members of a company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 October 2011 Can a company issue a guarantee bond/certificate for the double the amount after 6 years against the amount taken from a member.

RG - A Helping Hand (Expert)
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09 November 2011 No

As per my understanding this kind of assurance to the shareholders cannot be given by a company.

Wait for other opinions.

RG

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