banner_ad

Can a private ltd company give guarantee to partnership firm

Others 3200 views 2 replies

Can a private ltd company give bank guarantee to a partnership firm??

Replies (2)

Yes,

Sunil K. Jain

Practising Company Secretary

9810104162;skj13 @ rediffmail.com

Ms. Chandrika,

As per sub section 8(iii) of Section 372A, Nothing contained in Section 372A shall apply to a private company, unless it is a subsidiary of  a public company;

Section 295 not applicable to private company unless it is a subsidiary of a public company.

But you  have to go through your AOA, if not restricted by AOA of your company, private company can give bank gurantee to partnership firm.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details