hiiiiiiiiiiiiiii Friends
I have a question regarding inter company Transanction.
My question is that can a company mortgage their property on behalf of other company to the Bank to take loan.
Pls reply as soon as possible
hiiiiiiiiiiiiiii Friends
I have a question regarding inter company Transanction.
My question is that can a company mortgage their property on behalf of other company to the Bank to take loan.
Pls reply as soon as possible
| Originally posted by :Jitender Kumawat | ||
| " |
hiiiiiiiiiiiiiii Friends
Yes subject to section 372A of companies Act 1956 |
" |
Dear Member
Please also check if Company has also been permitted by its AOA or MOA to give security for loans of other companies.
regards
CS Gaurav Jain
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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