Legal Question in Banking Law in India
Can negetive net worth company provides gurantee for loan to other company ?
Asked on 3/29/12, 11:58 pm
3 Answers from Attorneys
Santosh Dash
Legal Consultant
There is no restriction as such but care should be taken to comply sec 372 A and other applicable provisions of the companies act, 1956
Answered on 3/30/12, 12:07 am
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
i agree with Adv Dash
Answered on 4/02/12, 6:11 am
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