What will be the Corporation's liability to the banks on de-registration?
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Hi Members!
A holding company wants to give guarantee on behalf of its wholly
owned subsidiary with respect to a loan taken by the latter. Can the
holding company do so ?
Dear Friends
Can a pvt company give guarantee on a loan taken by an huf, the karta of which is a director in the company
As such by reading section 185 i think no....but wanted to recheck and specifically when Section 186 allows company to borrow, provide guarantee upto 60% of its paid up capital and free reserves....does transaction specified in Section 185 also falls for Section 186 limited
Kindly throw in your view pts
Hi
Is a company giving corporate guarantee in respect of another company required to file form CHG-1 for giving corporate guarantee.
If anyone can help.
Hello,
Is it required to create and file charge for creation of bank guarantee against FDs held in the bank?
Regards,
Dear Members,
Can you please tell me the stamp duty applicable on Pledge and Guarantee in Tamil Nadu state? and where is it mentioned in the Stamp Act?
Thank you
Hello,
We have a Sec 8 company limited by guarantee. Now they want to convert it to sec 8 company limited by shares.
Can anyone please provide process for the same or reference of section/rules for the same.?
Thanks in advance
limited
shares
guarantee
conversion
company
Dear All,
Can Any experts from here can guide me regarding the Process of Extension of Corporate Guarantee given by indian companies to Foreign companies (JV). Please advise
Good Morning
How we can find our that directors have personal guarantee in co or not. company is with 100% Paid up capital.
Share advice.
Can anyone share Form CHG-1 for corporate guarantee.
Thanks in advance
Dear Members,
Greetings to all..
kindly clarify whether a Private Company can give guarantee to a Partnership firm (one of the partners of the fim is the Director in the guarantee given Company). As per section 185 (1) (b) of the Companies Act, 2013 it have restriction to give any loan or guarantee to any firm in which any such director or relative is a partner;
meanwhile Section 186 (2) (b) explains "No Company shall directly or indirectly give any guarantee or provide security in connection with to any other body corporate or person not exceeding the prescribed limit."
clarification required:
whether a company can give guarantee or not? if no under section 185 (1) (b) of the companies Act, 2013 means why the limit of the Guarantee has included "any person or any body corporate" in section 186 (2) (b) of the Companies Act, 2013.
It may appear like an Unsecured loan as no charge on the assets of the company, but giving Guarantee from Foreign Holding company for loan is secured to the bank . In case of default , Holding Co will have to pay to the foreign bank on its behalf, and in turn it can claim the payment from subsidiary Indian company; Also find out any counter guarantee or agreement between them.in this respect and its registration.It is Secured Loan, backed by such Guarantee, to the bank .In short , it is secured loan to the Subsidiary Co also. So to avoid it as a .................case, comply the law :
Under FEMA , the Indian Company has to obtain prior RBI permission for getting such guarantee [contingent liability - obligation to pay to the Holding Co against such guarantee.in future]. . Then file the charges with ROC.under the Cos Act.
