Can AOP Borrow from financial Institution
This query is : Resolved
25 May 2009
Please let me know the situation.
Could AOP Borrow from Financial Institution. Please be specific and give details about case laws or anything.
Thanks in advance.
Could AOP Borrow from Financial Institution. Please be specific and give details about case laws or anything.
Thanks in advance.
CA E.A.Ravikumar
(Expert)
25 May 2009
AOP is the constitution of the business entity. If the purpose,margin requirements and collateral applicable, if any, are available to the satisfaction of the banker/FI, an AOP can borrow from financial institutions.
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