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Loan by private company

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 February 2012 Hi Members,

Private Company proposes to give loan to Public Company.

However, loan will be secured by creating charge on assets of the Company.

My query is private company becoming a charge holder is not a problem or is it like only bank and nbfc can be a charge holder.

Regards,
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Jiten Gupta

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Jiten Gupta (Expert)
13 February 2012 As per my view, Charge holder can be anyone..

A pct ltd company or Bank also..

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