Loan by private company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 February 2012
Hi Members,
Private Company proposes to give loan to Public Company.
However, loan will be secured by creating charge on assets of the Company.
My query is private company becoming a charge holder is not a problem or is it like only bank and nbfc can be a charge holder.
Regards,
Private Company proposes to give loan to Public Company.
However, loan will be secured by creating charge on assets of the Company.
My query is private company becoming a charge holder is not a problem or is it like only bank and nbfc can be a charge holder.
Regards,
Jiten Gupta
(Expert)
13 February 2012
As per my view, Charge holder can be anyone..
A pct ltd company or Bank also..
A pct ltd company or Bank also..
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