Kani 18 November 2021
Premises of a hospital company is constructed in the property of the directors of the company who are also joint owners of the land. In such a case whether it is necessary to execute lease deed between the company and the land owners / directors? This issue is arising while trying to obtain bank loan in the name of the company
DR.VEDULA GOPINATH (ADVOCATE AND CORPORAE ADVISOR) 19 November 2021
This transaction involves involves Interested directors and related party transactions provisitins of Companies Act 2014.
Subject to these provisions
Lease deed can be executed.
Dr Vedula Gopinath
vgnath@gmail.com
Advocate Bhartesh goyal (advocate) 19 November 2021
A director/partner can let out his individual property to a company/firm in which he is director/partner.
DR.VEDULA GOPINATH (ADVOCATE AND CORPORAE ADVISOR) 20 November 2021
Company is a different entity having legal status and company is different from its directors.
Thus lease deed required to be executed.
cs dr vedula gopinath
advocate/arbitrator
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