Guarantee given by public limited company

Nikhil Kalra (CS Final Student) (85 Points)

03 January 2012  

Dear Sir,

My Question is that can any Public limited company give guarantee to any partnership firm in india if yes, then under which section....

As per Section 295 a public limited company can give guarantee to a partnership firm in which its director is a partner with prior approval of Central Govt...

but in my case in partnership firm partners are neither a director of the company nor a relative of the directors now in that case a public limited company give guarantee or not

you are requested to plz mention section with your ans or any departmental clarification in this regard.......