Corporate guarantee
This query is : Resolved
06 June 2012
WHETHER POWER OF GIVING CORPORATE GUARANTEE IN PVT. LTD. CO. VESTED WITH BOARD OR THERE SHOULD BE POWER IN AOA ?
Ajay Mishra
(Expert)
06 June 2012
Hi
The power of giving corporate guarantee will be govern by company.s articles in case of private company because the provision of section 372A will not apply to private company.
Section 372A deal with corporate guarantee.
Regards
The power of giving corporate guarantee will be govern by company.s articles in case of private company because the provision of section 372A will not apply to private company.
Section 372A deal with corporate guarantee.
Regards
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