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Bank finance

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(Querist)
03 November 2011 MAY A BANK PROVIDE FINANCE TO A PVT LTD COMPNAY IN CASE OF CHANGE OF PROMOTERS ? e.g. XYZ PVT LTD IS RUNNING A HOSPITAL WHICH IS HELD & CONTROL BY X & Y PERSONS AS DIRECOTR AND SHAREHOLDER. MR A & B would like to acquired such pvt ltd compnay than a bank may finance to company aganist change of holding.
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VISHRUT

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VISHRUT (Expert)
03 November 2011 Yes bank will, provided you justify yourself.
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MANISH MITTAL

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MANISH MITTAL (Querist)
04 November 2011 Thanks Vishrut but explain how a bank may finance. there is no creation of fixed assets in the hand of company. how a bank may finance term loan or any other facility for change of shareholding pettern. its urgent
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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