Can A ltd. give its assets as security for a bank loan to be taken by B Ltd.?? The directors of A ltd. and B Ltd. are the same. If yes, what are the conditions to be satisfied?
Ann Joe Mampilly (Student) (44 Points)
16 December 2013Can A ltd. give its assets as security for a bank loan to be taken by B Ltd.?? The directors of A ltd. and B Ltd. are the same. If yes, what are the conditions to be satisfied?
Syam Kamal
(Company Secretary)
(66 Points)
Replied 16 December 2013
With the given details, it is not possible
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