Guarantee given by public limited company

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Dear Sir,

My Question is that can any Public limited company give guarantee to any partnership firm in india if yes, then under which section....

As per Section 295 a public limited company can give guarantee to a partnership firm in which its director is a partner with prior approval of Central Govt...

but in my case in partnership firm partners are neither a director of the company nor a relative of the directors now in that case a public limited company give guarantee or not

you are requested to plz mention section with your ans or any departmental clarification in this regard.......

Replies (2)

HAI.......FRIEND..........

AS PER SECTION.292(1),THE BOARD SHALL EXERCISE THE FOLLOWING POWERS ONLY BY PASSING A RESOLUTION AT A BOARD MEETING...

U/S292(1)(e) POWER TO MAKE LOANS TO ANY PERSON.....

Dear Friend

My Question is not about powers of the board and also its not related to loans i just want to know wheather a public limited company give guarantee to a partnership firm or not.


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