Please reply -companies bill, 2013
A company being a private company wanted to give corporate guarantee on behalf of the another company(pvt. co) for the loan the taken by the second company to bank.
Query
1. Can the first company gives corporate guarantee under new law?
2. The first company is shareholder of second company and two of its directors are same.
3. is section 185 or 186 applicable over here?
What if the same has been given after 12 sep, 2013
you are requested to provide your valuable inputs please.
thanks
CAclubindia
