Mortgage of 3 party land

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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.

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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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