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????
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