Is it possible if a person needs Loan against property in favour of his pvt. ltd company but the property which is to be mortgaged is registered in personal name of applicant?
1 Replies
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 11 May 2012
yes,this can be done... Bank can charge property of promoters of a company.
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