09 July 2015
One of our Company's director has applied for a loan from a bank where he has shown the company as a Co-applicant for the same. request you to resolve my queries given below:
1) Can a Company be Co-Applicant for a loan applied by its Director?
2)can a Company be shown as a guarantor for the loan availed?
3)Will this trigger the Provisions of Section 185 & section 186 of the Companies
4) If company is a Co-applicant then will it be registered as a charge on MCA?