Nitin Dilip (Articled Assistant) (30 Points)
18 January 2013Hello,
I would like to know if an Indian Private Limited company can stand as a guarantor to a loan taken by one of its directors.
Thank you.
mukesh sarawagi
(ca final)
(142 Points)
Replied 18 January 2013
Yes.I am a banking professional.I always take gurrantee of the co. while giving loan to its directors.But for public Ltd co. 295 will apply.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 18 January 2013
AGREED WITH MUKESH + THERE IS NO SPECIFIC RESTRICTION IN LAW.
Nitin Dilip
(Articled Assistant)
(30 Points)
Replied 21 January 2013
Thank you to you both. Appreciate the help :)
Mehak Vohra
(student)
(25 Points)
Replied 04 June 2015
Does this private limited company has to gain NBFC License?
CAclubindia
