LAW Courses
LAW Courses

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

RAJEEV AGRAWAL (service)     27 June 2009

CORPORATE GUARANTEE?

CAN AN INDIAN COMPANY WHOSE NET WORTH IS SAY Rs. 1 CRORE GIVE CORPORATE GUARANTEE FOR ANY OTHER PERSON/COMPANY WHOSE CREDIT REQUIREMENT IS SAY MORE THAN Rs. 25 CRORE?

IS THERE ANY RESTRICTION FOR GIVING CORPORATE GUARANTEE?



 2 Replies

A.K.D Sayare (Advocate)     08 August 2009

It is up to the person/insitution to see if they want to accept the guarantee..... is valid guarantee.

 

 

Prasun Chandra Das (Banker)     01 May 2012

Article of Association of the Co.issuing the guarantee should shed light on this issue.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading

Post a Suggestion for LCI Team
Post a Legal Query