Dear Colleagues,
Please help me following case is. Company A owns the property of Rs. 5 Cr which it wants to give as security and guarantee for a loan of other Company B to a financial institution. Both do not have any related party transaction.
We have issued Bank Guarantee of MoC, GoI and now the bank is asking to create a charge on that.
As per my understanding need not create a charge on Bank Guarantee.
Need specific reference of MCA, RBI that no need to create a charge on Bank Guarantee.
Holding company wants to give guarantee on behalf of its wholly owned subsidiary, can the company do so?
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subsidiary
owned
wholly
behalf
guarantee
In context of Section 185 & 186 of Companies Act 2013, if any group private limited company gives/provides corporate guarantee and equitable mortgage of its property in favour of its group public limited company, is it possible to give the same. What if both the companies are private limited companies ?
Click here to view / answer Share it onHolding company wants to give guarantee on behalf of its wholly owned subsidiary, can the company do so ?
Click here to view / answer Share it onsubsidiary
owned
wholly
behalf
guarantee
