Question

why the promoter director guarantee is insisted upon in a limited company​

Answer 1

❣❣heya!❣❣

☑ Even if a company is not closely held, there may be justification for a personal guarantee of directors to ensure continuity of management. It helps the bank/FI to put a check that the changes in management take place with their knowledge.

✍ please mark it as brainlist answer✍