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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)
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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

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Ajay Mishra

Ajay Mishra (Expert)
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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.

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CA Rakesh Goenka

CA Rakesh Goenka (Expert)
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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.