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section 185 of companies act 2013, Corporate Laws / SEBI / LLP |
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section 185 of companies act 2013 |
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If company A is itself a partner in partnership firm B, does restriction of section 185 of the Companies Act apply to corporate guarantee given by company A to secure the loan sanctioned to partnership firm B by the bank ? Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
NO, But if in partnership B, any director manager or relative of director and manager of company A is a partner then 185 will be applicable Page: 1 Old Query - New Comments are closed. |
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