XYZ Ltd has office. building in London the company has been granted a term loan of rs 15crore from a bank the company wants to mortgage office building of London answer the following question
1.whether the company can mortage the above office building?
2.whether a charge can be created for property situated outside India?
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mortgage
Replies (4)
charge" means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes mortgage
1. yes
2. yes
1. yes
2. yes
charge" means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes mortgage
1. yes
2. yes
1. yes
2. yes
i am a student not a professional..
| Originally posted by : Sanjay Jain | ||
 |
XYZ Ltd has office. building in London the company has been granted a term loan of rs 15crore from a bank the company wants to mortgage office building of London answer the following question1.whether the company can mortage the above office building?2.whether a charge can be created for property situated outside India? |  |
1. Property situated outside India will be mortgaged as per the Law Applicable in that particular Country.
2. In the Form CHG-1 the details of the property mortgaged will be given.
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