private limited company can be given on lease

Whether the ABC company's memorendum of association and articles of association contain such a covenent is to be analysed before forming an opinion and oblige.

It is advisable to consult a local prudent lawyer for better appreciation of facts/ documents, professional advise and necessary proceeding. 

If the AOA or MOA of the company provides this facility to the directors then they can arrange a meeting involving the shareholders and take a decision by passing a resolution in the meeting for this arrangement, once the resolution is passed as per by laws or then AOA of the company, it may proceed