Corporate guarantee
This query is : Resolved
amit trivedi
(Querist)
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?
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
(Expert)
30 April 2014
in both the cases guarantee/security can be given by the son.
Message likes :
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amit trivedi
(Querist)
30 April 2014
Thank you. Can you give me detailed answer, if any? I mean with reference to section.
Nikhil Kaushik
(Expert)
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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