Mortgage of 3 party land


This query is : Resolved 

Quick Summary
This discussion addresses whether a co-operative society (sahakarmi mandali) can mortgage its land to a private limited company or authorise them to do so. The consensus is that co-operative society bylaws typically prohibit such mortgages. Consequently, using the society's land as third-party collateral for a company project funding appears unfeasible under these restrictions.

18 March 2023 Sir I would like to ask if a sahakarmi mandali ( co-operative society) can mortgage its land to a pvt ltd company or give them the rights to mortgage it on its behalf?

18 March 2023 Check it's by laws it will not allow such mortgage.

18 March 2023 Ok so what is the solution of it if I want to use that land as a third party collateral for my company project funding?

18 March 2023 No solution co-op society land can't be mortgaged for the company.


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