Skip to main content
Loans

Close Relatives

In accordance with section 6 of the Companies Act, the definition of a close relative who can serve as a guarantor includes a wide range of family members such as parents, children, spouses, siblings, and even in-laws. However, it is important to note that these individuals must meet certain criteria set by the company, such as age and other requirements. This allows for a diverse pool of guarantors to be considered, while ensuring that they are suitable for the role.

Related terms

Flat rate

Understand the meaning and definition of Flat rate in the context of stock market, trading, and investments.

MORE
Penal interest

Understand the meaning and definition of Penal interest in the context of stock market, trading, and investments.

MORE
Marketable title

Understand the meaning and definition of Marketable title in the context of stock market, trading, and investments.

MORE
Annual Rest

Understand the meaning and definition of Annual Rest in the context of stock market, trading, and investments.

MORE
Title

Understand the meaning and definition of Title in the context of stock market, trading, and investments.

MORE
Annual Reducing Method

Understand the meaning and definition of Annual Reducing Method in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store