Hello,
I would like to know if an Indian Private Limited company can stand as a guarantor to a loan taken by one of its directors.
Thank you.
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Can a private limited company be a guarantor?
Replies (4)
Yes.I am a banking professional.I always take gurrantee of the co. while giving loan to its directors.But for public Ltd co. 295 will apply.
AGREED WITH MUKESH + THERE IS NO SPECIFIC RESTRICTION IN LAW.
Thank you to you both. Appreciate the help :)
Does this private limited company has to gain NBFC License?
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