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Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2012 what is the meaning of the consortium Finance is involved?

this question is mentiond in form 8.

CA. Nitin Agrawal

CA. Nitin Agrawal (Expert)

06 April 2012 Under consortium financing, several banks (or financial institutions) finance a single borrower with common appraisal, common documentation, joint supervision and follow-up exercises, these banks have a common agreement between them, the process is somewhat similar to loan syndication.

In hindi it is simply called:
सहायता संघीय वित्त

now cheers

Message likes : 1 times

Ajay Mishra

Ajay Mishra (Expert)

06 April 2012 Hi

Consortium means a group of independent companies participating in a joint venture for mutual benefit. Companies in a consortium cooperate with one another, often sharing technology as needed. A consortium allows the companies to conduct operations that they would not be able to do individually. It is important to note, however, that a consortium is not a merger and the companies remain independent.

If you are taking finance from Individual Bank then u click on "No" in Form No. 8.

Regards

CA Rakesh Goenka

CA Rakesh Goenka (Expert)

06 April 2012 consortium finance mean A group of independent companies participating in a joint venture for mutual benefit. Companies in a consortium cooperate with one another, often sharing technology as needed. A consortium allows the companies to conduct operations that they would not be able to do individually. It is important to note, however, that a consortium is not a merger and the companies remain independent.