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
Aggarwal Sarawagi and Co
New Delhi
CA
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