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Mortgage of 3 party land

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(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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 March 2023 Check it's by laws it will not allow such mortgage.
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RANAJI 108

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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?



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 March 2023 No solution co-op society land can't be mortgaged for the company.

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