Dear All,
Please let me know the power of company to borrow from a bank which is in not located in the state of its Registered office.
Advanced Thanks for your replies.
CA SRAVANI
Dear All,
Please let me know the power of company to borrow from a bank which is in not located in the state of its Registered office.
Advanced Thanks for your replies.
CA SRAVANI
Company can borrow from any bank irrespective of its location. There is no restriction in the Act in this regard.
Thanks
| Originally posted by : P C Agrawal | ||
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Company can borrow from any bank irrespective of its location. There is no restriction in the Act in this regard. Thanks |
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Agree with the learned member.
SSGS and Associates
Chennai
CA Inter
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