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The company is a private limited company and has given guarantee for the company having common director. At the time of giving guarantee, the company did not have the corporate body shareholders and hence was exempt from section 185. However, now the company wish to issue shares to corporate body. Will this have any impact on the guarantee already given? Thanks in advance.

Section 185- Loan to directors, etc.

Posted By: Ekta shah 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


Expert    Ankit Singhi

no it will not have any impact

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