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Loan from an OBC

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(Querist)
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
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Rasesh

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Rasesh (Expert)
19 December 2010 No. Unless the articles have given any special rights to such shareholders.
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puneet pandey

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puneet pandey (Querist)
20 December 2010 What if the Articles permit????
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Rasesh

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Rasesh (Expert)
20 December 2010 Then it would be as per the Articles.
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