Poonawalla fincorp
Poonawalla fincorp

Form 8 by Coapplicant Company

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 November 2010 Hi.

My company has become a co-applicant to a loan taken by other group company (majority shareholding common). Now the bank is insisting for creating charge and filing form 8.

They are asking Board resolution for borrowing.

However, we want to give for coapplicancy only.

Please advise.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
24 November 2010 YES IT IS NECESSARY TO FILE FORM 8.

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