Charge under roc for company a member of jv
Banker
(Querist) 05 February 2013
This query is : Resolved
One of the private limited company is a JV partner . The JV firm has been sanctioned credit facilities by the banks and one of the term is to have Corporate guarantee of JV partner and Hypo of the goods belonging to JV firm. Is it necessary to file ROC for Hypo executed by JV or Corporate guarantee
R.K Nanda
(Expert) 05 February 2013
it depends upon terms of sanction of bank for
grant of loan.