As a part of CA certificate to lending bank, our auditor at our request (borrower) requires to give a declaration to the effect that assets being charged by security provider (borrower- we) do not constitute an undertaking or substantially the who;e of the undertaking as defined u/s.180(1)(a) of the Companies Act.
We are parent company and holding multiple wholly owned subsidiary and there is a LLP/Pvt Ltd Company, all controlled by us (unlisted public ltd co)
What is the meaning of the first paragraph.
Kindly guide
