A Pvt Ltd Company is holding certain percentage of shares of another Pvt Ltd company. Whether the Pvt Ltd company which is holding the certain percentage of shares can give its corporate guarantee to another company in concern with loan taken from banks according to new companies act and companies manage by seprate management. Please help me out.
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Corporate gaurantee
Replies (2)
Yes, provided it is not covered u/s 185.
Agree....check compliance with section 185 and 186 of the Companies Act 2013
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