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Lakshy (Semi-Qualified C.A. PGDFM BCom.)     21 November 2019

Applicability of Section 186


I want to know whether bank guarantee attracts section 186 of companies act ?

thank you

 1 Replies


Chirag (Professional)     26 November 2019

If such non fund based facility is secured on the asset of the company then it will attract 186

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