If one private limited company gives corporate gurantee for Bank Loan taken by its other Group Company, then whether it is necessary to intimate or register this guarantee given to the other company by way of e-Form 8 ??
Remark :- The company who is giving guarantee has already taken loans for own by mortgaging & hypothecation of assets.
Hi,
Filing of form-8 is not mandatory. However bank may demand the same.
Corporate guarantee is not there in the list of compulsory registerable charges under section 125(4).
Regards
Dear friend
According to Company law in my opinion in this condition company is not liable to file form 8 but normally loan giver banker demand for filing form 8 . If you want any help in another matter you will take advice my email.id nitinagarwal113 @ gmail.com
Regard
NITIN
CAclubindia
