pesonal guarantee of director

This query is : Resolved 

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

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.?

28 August 2008 JUST CHECK THE ARTICLES OF THAT COMPANY BEFORE GIVING GUARANTEE

**DM


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