guarantee given for another co under sec 185
Ashutosh Singhal (3 Points)
05 June 2019Ashutosh Singhal (3 Points)
05 June 2019
Jatin Bajaj
(CS)
(2930 Points)
Replied 06 June 2019
As per the amended provisions of the Companies Act 2013, a body corporate or Company can give gurantee to the other Company by passing the special resolution in the general meeting but provided 95 percent of the total voting power must be controlled by such Director or by 2 or more director together.
Ashutosh Singhal
(3 Points)
Replied 08 June 2019