Collertaral security
This query is : Resolved
ARUN KUMAR MAITRA
(Querist)
25 August 2012
Is there any RBI Giudeline Regarding the type of securities to be demanded by the Bank for providing the Cash Credit Facilities to the Company?If so,reference thereof.
Can a director's own residence be given as colleterral security against the above facilities,if he so agrees to provide?
Can a direcor's remuneration be kept withheld,untill he fulfills his personal guarantees in connection with the above facilitiues?
Is there any RBI Giudeline Regarding the type of securities to be demanded by the Bank for providing the Cash Credit Facilities to the Company?If so,reference thereof.
Can a director's own residence be given as colleterral security against the above facilities,if he so agrees to provide?
Can a direcor's remuneration be kept withheld,untill he fulfills his personal guarantees in connection with the above facilitiues?
Guest
Guest
(Expert)
25 August 2012
1. There is no RBI guideline for this.
2. YES
3. YES, insert appropriate clause in the agreement.
2. YES
3. YES, insert appropriate clause in the agreement.
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