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Loan to public company

Others 199 views 3 replies
Can directors pledge their property as security for loans took by company?!? if yes, is there a need to create charge with ROC?
Replies (3)

If director and company enter into contract then i think Yes director can pledge his property for loan taken by company

Charge needs to be registered within 30days of creation

on which property charge need to be created?!

Property which will be pledged.


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