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Subsidiary co. can give gurantee

This query is : Resolved 
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(Querist)
26 June 2015 Can a subsidiary co give guarantee for loan taken by holding company?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
29 June 2015 Yes . Provided The directors of subsidiary company do not hold any shares in holding company or is not directors of holding company. otherwise Section 185 will be attracted

Further as per the recent notification dated 05-06-2015 SECTION 185 is not applicable to private company subject to certain conditions.
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