IS IT MANDATORY FOR THE PRIVATE LIMITED COMPANY TO HAVE A CLAUSE IN MOA FOR PROVIDE CORPORATE GUARANTEE TO ANOTHER PVT LTD COMPANY
ACS MUKUNDA (Company Secretary) (65 Points)
13 November 2013IS IT MANDATORY FOR THE PRIVATE LIMITED COMPANY TO HAVE A CLAUSE IN MOA FOR PROVIDE CORPORATE GUARANTEE TO ANOTHER PVT LTD COMPANY
SkDash
(CS (Member) CWA (Final))
(909 Points)
Replied 14 November 2013
No.
Act itself permitted companies to give CG (Corporate Guarantee) to others within the limit and hence i feel, it is not required to mentione specifically in the MOA.
CS Smriti Sharma
(ACS, B Samrish & Co.)
(880 Points)
Replied 14 November 2013
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
