Corporate guarantee
This query is : Resolved
04 April 2012
1)Company has given corporate guarantee in favour of bank against loan to a proprietorship concern of which Director is a proprietor.
Is there any requirement for creation of charge from company side?
2)Company's ownership office is kept as a security in favour of bank against loan to a proprietorship concern of which director is a proprietor.
Who is to create the charge company or the bank?
Is there any requirement for creation of charge from company side?
2)Company's ownership office is kept as a security in favour of bank against loan to a proprietorship concern of which director is a proprietor.
Who is to create the charge company or the bank?
05 April 2012
i) Charge has to be created.
ii) Company is the owner of the immovable property, hence it is the primary duty of the company to create charge on its assets.
ii) Company is the owner of the immovable property, hence it is the primary duty of the company to create charge on its assets.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax implications of gift to maternal uncle
- Closure of a PVT LTD company
- Input Tax Credit Puf panels
- Real estate business by a partnership firm where both of the partners are SC/ST
- ROC filings for the first year of incorporation
- 26QB correction - no data available error for fully consumed/processed with default
- TDS on Purchase of Immovable Property in case of Co Owner
- When I Login E-invoice portal with waybill user id and pw, it is showing 3011 error data
- How to open attachment in 23ac xbrl
- Partnership deed reconstitution in how much stamp paper in uttar pradesh
- Income tax planning
- Stock statement procedure bank od loan monthly report
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Printing Press under Composition Scheme
- 140-A Tax Wrongly Paid PAN No
- CSR funding for private limited companies
- Professional tax deduction monthly
- Cross charges verses Isd methof
- Refund Application in RFD 01 for Export without payment of tax
- Ewaybill bill to ship from
CAclubindia
