CAN AN INDIAN COMPANY WHOSE NET WORTH IS SAY Rs. 1 CRORE GIVE CORPORATE GUARANTEE FOR ANY OTHER PERSON/COMPANY WHOSE CREDIT REQUIREMENT IS SAY MORE THAN Rs. 25 CRORE?
IS THERE ANY RESTRICTION FOR GIVING CORPORATE GUARANTEE?
RAJEEV AGRAWAL (service) 27 June 2009
CAN AN INDIAN COMPANY WHOSE NET WORTH IS SAY Rs. 1 CRORE GIVE CORPORATE GUARANTEE FOR ANY OTHER PERSON/COMPANY WHOSE CREDIT REQUIREMENT IS SAY MORE THAN Rs. 25 CRORE?
IS THERE ANY RESTRICTION FOR GIVING CORPORATE GUARANTEE?
A.K.D Sayare (Advocate) 08 August 2009
It is up to the person/insitution to see if they want to accept the guarantee..... is valid guarantee.
Prasun Chandra Das (Banker) 01 May 2012
Article of Association of the Co.issuing the guarantee should shed light on this issue.
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