can a Co-operative Bank give loan to a charitable trust or not? pls. reply alongwith provisions of applicable act, if any.
awaiting for early reply.
krushnal (partner) 22 April 2010
can a Co-operative Bank give loan to a charitable trust or not? pls. reply alongwith provisions of applicable act, if any.
awaiting for early reply.
D.V.RamaKrishna (Advocate) 22 April 2010
krushnal
subject to the rules/bye-laws/regulations of the co-operative bank and subject to the eligibility criteria/objects ofthe charitable trust, a co-operative bank can give loan to the charitable trust
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