Mortgage of 3 party land
This query is : Resolved
Quick Summary
RANAJI 108
(Querist)
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?
CA R SEETHARAMAN
(Expert)
18 March 2023
Check it's by laws it will not allow such mortgage.
RANAJI 108
(Querist)
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?
CA R SEETHARAMAN
(Expert)
18 March 2023
No solution co-op society land can't be mortgaged for the company.
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