Guarantee/security in connection with loan taken by Pvt Co. in which such director is director or member and the loan is utilised for principal business activities.
source https://www.caclubindia.com/articles/section-185-of-companies-act-loan-to-directors-47036.asp
source https://www.caclubindia.com/articles/section-185-of-companies-act-loan-to-directors-47036.asp
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