Fwd: Query regarding Corporate Guarantee by a Private Limited Company

[rekha soni]

Plz advise on the following query friends....

regards
Rekha Soni
09911789098
sent from samsung galaxy note II

---------- Forwarded message ----------
From: "Sachin Kumar Sharma" <sksha...@gmail.com>
Date: 28 Apr 2014 12:29
Subject: Query regarding Corporate Guarantee by a Private Limited Company
To: "rekha soni" <rekhas...@gmail.com>
Cc:

Dear, 

A Private Limited Company wants to give corporate guarantee to bank for providing loan to one of its sister concern. Also the company wants to mortgage its own property for the loan given  to its sister concern.

Can it do so as per provisions of new companies act or not.

please advise.

--

Thanks & Regards,

CA Sachin Kumar Sharma

Sudan Kapoor & Associates

Chartered Accountants

14/6, Lower Ground Floor

Kalkaji, Near Deshbandhu College,

New Delhi - 110019