New Delhi | 07 Feb, 2017 (2 years, 7 months ago)

General Advice

What to do if my co-founder has negative Cibil Score?

My CA has informed me that my Co-Founder has a negative Cibil Score & is in defaulter list of 3 financial Institution of approx 7 lacs overdue non-paid amount. Now my CA is saying if you have anyone as a director on the panel with the declaration in the company with negative records can impact your company's financial borrowings & you can never approach a bank for any financial needs in future. What to do, Please suggest!
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