What are the procedure for giving Bank Gaurantee?
Sumeet Bhardwaj (Sr. Accountant) (861 Points)
15 June 2010What are the procedure for giving Bank Gaurantee?
daya shankar singh
(CA ,CS)
(629 Points)
Replied 15 June 2010
There is no set procedure as such. The person who want to borrow money may apply to bank and introduce gurantor on his behalf. The bank allow the loan after following procedural chek up of form and credit worthiness of the guarantor
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 18 June 2010
Ya agree with Daya shankar singh.
There is no mandatory and full fledged procedure for giving Bank gurantee
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