New section 185 co. act 2013

Varsha (CS) (130 Points)

21 November 2013  
Dear Friends, My company wants to give Corporate guarantee to its Wholly owned subsidiary, wherein there are no common directors or no directors shareholding. As per my understanding Sec 185 is may not be attracted, as no common directors. Can we do so under new act? Can anybody clarify on this. Thanks Varsha