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pesonal guarantee of director

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(Querist)
28 August 2008 can an independent director of a pvt. ltd. company give his personal guarantee for the bank loan to the company.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
28 August 2008 Any director who is acceptable to the bank!
By the by what do you mean by an independent director in a pvt ltd co.?
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
28 August 2008 JUST CHECK THE ARTICLES OF THAT COMPANY BEFORE GIVING GUARANTEE

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