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Borrowing us 293 of companies act

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(Querist)
02 February 2010 Whether the loan for vehicle/ machinery/ to be included to calculate the borrowing power us 293 of companies act.

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Yogesh gupta
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Rasesh

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Rasesh (Expert)
02 February 2010 All the secured and unsecured loans of the Company would have to be considered for calculation of the borrowing power limits.
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