Corporate guarantee by a public limited company

Discussion in 'Corporate Law' started by jamesh, Sep 7, 2013.

  1. jamesh

    jamesh Member

    Can a public limited company (holding company with 70% stake) offer corporate guarantee to a bank for availing short term loan (like Cash credit) on behalf of a private limited company (subsidary company for public limited co). 1. Prior Central Government approval required? 2. If not required, under which sections?

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