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Nikhil jainnikhil jain asked 2 years ago
1 Answers
Best Answer
RaviRavi Staff answered 2 years ago

3 different points.

  1. Indebtedness upto 5 lakhs is allowed so loan upto 5 lakhs is fine.
  2. Giving guarantee of Rs 1,00,000 in favour of company is also fine. (No problem if 1 & 2 are together)
  3. Accepting guarantee not covered by law so it is also fine. 

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