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Satish Mirzapuriya   20 November 2018

CC LIMIT / CC LIMIT

I am Satish Kumar . I am a electric contractor of 'A' Class. and my firm in since 2014. and I have required a CC LIMIT / CC LIMIT. plz help us


Learning

 3 Replies

G.L.N. Prasad (Retired employee.)     21 November 2018

  1. Contact nearest Public Sector Bank or Grameena Bank.   It is a surprise that you are in the business of contractor of A class caliber since 2014 but could not open a Bank account or not approaching any bank for financial assistance.  If you are having such solvency certificate and got recognized as A class contractor since 2014, getting financial assistance is not difficult.  Members from the forum can only offer legal guidance but can not provide financial assistance or grants to other members.

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     21 November 2018

current account allows overdraft facility occasionally whereas cash creditaccount is supposed to be overdrawn continuously. The overdrawing limit will be set by the bank and the limit is sanctioned based on the working capital requirement of the company minus the margin.

Dr J C Vashista (Advocate)     22 November 2018

Contact your banker, this site is meant for advising litigants for legal issues.


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