hiiiiiiiiiiiiiii Friends
I have a question regarding inter company Transanction.
My question is that can a company mortgage their property on behalf of other company to the Bank to take loan.
Pls reply as soon as possible
Jitender Kumawat (Professional) (42 Points)
11 July 2008hiiiiiiiiiiiiiii Friends
I have a question regarding inter company Transanction.
My question is that can a company mortgage their property on behalf of other company to the Bank to take loan.
Pls reply as soon as possible
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 11 July 2008
| Originally posted by :Jitender Kumawat | ||
| " |
hiiiiiiiiiiiiiii Friends
Yes subject to section 372A of companies Act 1956 |
" |
CS Gaurav Jain
(Consultant)
(63 Points)
Replied 15 July 2008
Dear Member
Please also check if Company has also been permitted by its AOA or MOA to give security for loans of other companies.
regards
CS Gaurav Jain
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
