A Company is engaged in the business of running cabs on hire. It wants to extent corporate guarantee to loans taken by directors. will the amendment of MOA by inclusion of the foll.clause in the other objects allow the co; to give CG.
To lend and advance money or give credit to such persons or companies and on such terms as may seem expedient, and to guarantee the performance of any contract or obligation and the payment of money of or by any such persons or companies, and generally to give guarantees and indemnities.
Please advice.
CAclubindia
