Loan from an OBC
This query is : Resolved
16 December 2010
Respected sirs,
one of our Companies is in the process of making a rights issue...... I wanted to inquire as to whether we can take a loan instead of making the capital call. if yes then i have following related doubts....
1. The company has some NRIs and OCBs as its shareholders. Whether this could cause any hindrance in taking loan.
2. If the answer to above is yes, is there any solution to it.....
Kindly reply at the earliest.
Thanx in advance
one of our Companies is in the process of making a rights issue...... I wanted to inquire as to whether we can take a loan instead of making the capital call. if yes then i have following related doubts....
1. The company has some NRIs and OCBs as its shareholders. Whether this could cause any hindrance in taking loan.
2. If the answer to above is yes, is there any solution to it.....
Kindly reply at the earliest.
Thanx in advance
19 December 2010
No. Unless the articles have given any special rights to such shareholders.
20 December 2010
What if the Articles permit????
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Copyright software
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Transporter Declaration form
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
