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.
