Corporate guarantee by pvt ltd co
This query is : Resolved
MANOJ KUMAR SINGH
(Querist)
26 November 2011
Dear Sir
We want to know that whether sec 372 A is applicale to pvt ltd co or it is applicale to public limited co only .
i.e. can a private limited can give corporate guarntee to other party
Dear Sir
We want to know that whether sec 372 A is applicale to pvt ltd co or it is applicale to public limited co only .
i.e. can a private limited can give corporate guarntee to other party
CS Ankur Srivastava
(Expert)
26 November 2011
The provisions of section 372A does not apply to the guarantee given by private company unless it is a subsidiary of a public company.
However, a private company can give guarantee.
However, a private company can give guarantee.
Charu Srivastava
(Expert)
26 November 2011
Section 372(A) of the Companies Act does notapply to Private Company unless it is a subsidiary of a Public Company.
But that does nt mean that the private Company cannot give corporate guarantee.Its just provisions of this section do not apply it.
But that does nt mean that the private Company cannot give corporate guarantee.Its just provisions of this section do not apply it.
RG - A Helping Hand
(Expert)
26 November 2011
Agree with experts.
RG
RG
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