PQR Company give its assent to give guarantee to ABZ Company on the taking of loan from financial institution. According to the Companies Act, 2013, the said act should be approved by the Board of Directors. State the mode of approval adopted by the board of directors of PQR company- - Study24x7
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40 followers study24x7 06 Apr 2021 04:19 PM study24x7 study24x7

PQR Company give its assent to give guarantee to ABZ Company on the taking of loan from financial institution. According to the Companies Act, 2013, the said act should be approved by the Board of Directors. State the mode of approval adopted by the board of directors of PQR company-

A

Board shall give approval for giving guarantee on the loan by simple majority

B

Board shall give approval by passing circular resolution.

C

Board shall give approval by passing resolution through special majority

D

Board shall give unanimous approval.

MBA/Management CLAT/CE-Law Finance/CA
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