Dear All,
Please let me know the power of company to borrow from a bank which is in not located in the state of its Registered office.
Advanced Thanks for your replies.
CA SRAVANI
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Company's power to borrow
Replies (2)
Company can borrow from any bank irrespective of its location. There is no restriction in the Act in this regard.
Thanks
| Originally posted by : P C Agrawal | ||
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Company can borrow from any bank irrespective of its location. There is no restriction in the Act in this regard. Thanks |
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Agree with the learned member.
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