Property related company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2013
Dear Friends,
our group of friends is engaged in sale and purchase of property for investment.
- Would it be wise for us to start a company instead ?
- What would be the pros & cons ?
- We feel it would be easy to mobilize funds through issuing shares and debentures. Are we rite ?
Regards
our group of friends is engaged in sale and purchase of property for investment.
- Would it be wise for us to start a company instead ?
- What would be the pros & cons ?
- We feel it would be easy to mobilize funds through issuing shares and debentures. Are we rite ?
Regards
07 December 2013
Yes you are right in thinking as it will facilitate you to raise funds from public.
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2013
Thanks Tushar.
- can companies whose primary business in property purchase & sale avail loans from Banks also ?
- can you point out any probable cons also in this regard ?
- can companies whose primary business in property purchase & sale avail loans from Banks also ?
- can you point out any probable cons also in this regard ?
07 December 2013
Yes bank loan given on satisfying the criteria set by resp banks for availing loan.
Cons are like you may face loss or where there is no sales freq as forecasted or material prices increases or there is recession in economy due to which there are less buyers etc.
Cons are like you may face loss or where there is no sales freq as forecasted or material prices increases or there is recession in economy due to which there are less buyers etc.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Multiple payment of self assessment tax for A Y 2025-2026
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- ITC BENEFIT ON BROKRAGE PAID
- Short Term Gain Reporting ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Error in uploading Form 10BD
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
