Corporate guarantee

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amit trivedi (Querist)
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29 April 2014 Can property of the son give as Security in the Company where his father is a director?
Where the son is neither a director nor member?

What would be the effect if, the son is a director or member in the same company?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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30 April 2014 in both the cases guarantee/security can be given by the son.

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amit trivedi

amit trivedi (Querist)
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30 April 2014 Thank you. Can you give me detailed answer, if any? I mean with reference to section.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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30 April 2014 the restriction is placed on company to give security/gaurantee to director and parties related to director. the reverse is not barred.

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