Can a Public Limited company be a guarantor
This query is : Resolved
22 June 2011
Dear Professionals
Please advise whether a Public Limited company be a guarantor for loan or overdraft taken by group of its employees from a Bank.
Please provide section.
Whether Directors are authorized to create such liability of a company.
Urgent!!!!!!!!!!!
Please advise whether a Public Limited company be a guarantor for loan or overdraft taken by group of its employees from a Bank.
Please provide section.
Whether Directors are authorized to create such liability of a company.
Urgent!!!!!!!!!!!
23 June 2011
i think
Only housing loan can be given (6 months salary), and the Directors can't authorize only the share holders can authorise, see ESOP guidelines
Only housing loan can be given (6 months salary), and the Directors can't authorize only the share holders can authorise, see ESOP guidelines
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