Legal Question in Banking Law in India
what is board of the company . gurantee given by an individual for a financial facility called as gurantor is he part of the board ???
Asked on 7/25/11, 7:55 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
board of the company is board of its directors. If a person who is not a director gives his personal guarantee for the loan advanced to the company, he does not by that act become a member of the Board.
Answered on 8/01/11, 7:22 am
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