Dear All
on our directors name we have property in delhi and co. have negative cash flow can company take secured loan by pledging property to bank or we have to first transfer property to company?
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Pvt. ltd. company can take loan against property of director
Replies (2)
Company has to take ownership of that property first for taking up loan form bank.
can company no take loan without ownership of that property? Well its for just for my information. bank will pass obiviously loan to property owner means director will get loan by pledging property after that we have to take unsecured loan from direction. Am I right?
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