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Can AOP Borrow from financial Institution

This query is : Resolved 

25 May 2009 Please let me know the situation.

Could AOP Borrow from Financial Institution. Please be specific and give details about case laws or anything.

Thanks in advance.

25 May 2009 AOP is the constitution of the business entity. If the purpose,margin requirements and collateral applicable, if any, are available to the satisfaction of the banker/FI, an AOP can borrow from financial institutions.

You may mention the issue you have faced so that solution may be attempted.

13 June 2009 thanks




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