Borrowing power
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2013
Dear Experts
My query is that while calculating that loans are within the Borrowing Power of the Company whether the Loans Sanctioned is taken or actually availed.
Means if Company has fixed limit to Borrow upto Rs.500/- crore in the General Meeting then can it have loans of Rs.700/- crore sanctioned
Kindly advice
My query is that while calculating that loans are within the Borrowing Power of the Company whether the Loans Sanctioned is taken or actually availed.
Means if Company has fixed limit to Borrow upto Rs.500/- crore in the General Meeting then can it have loans of Rs.700/- crore sanctioned
Kindly advice
19 August 2013
Hi
You can take loan up to the limit as approved by Board or shareholders meeting and not more than that.
You can take loan up to the limit as approved by Board or shareholders meeting and not more than that.
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