creation iof charge
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2011
hi
can anybody tell me whether company can create charge on the assets which are not yet acquired.suppose financial institution insist us to create charge on the vehicle which are yet to be acquired, whether company can create charge and give security of the future vehicle? kindly quote any case law or article on this.
urgent pls-------------------
can anybody tell me whether company can create charge on the assets which are not yet acquired.suppose financial institution insist us to create charge on the vehicle which are yet to be acquired, whether company can create charge and give security of the future vehicle? kindly quote any case law or article on this.
urgent pls-------------------
udit sharma
(Expert)
29 March 2011
Yes..in my opinion Charge can be created on the assets of the Company, both present and future.
God Bless
CS Udit Sharma
God Bless
CS Udit Sharma
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