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  Start a discussion   Unanswered Report Abuse

Sagnik (Management Trainee)     16 March 2012

Shareholder's approval

Dear all,

My query is :- WHY IS SHAREHOLDER APPROVAL NOT REQUIRED WHEN EQUITABLE MORTGAGE IS CREATED ON AN ASSET OF THE COMPANY , BUT SHAREHOLDERS APPROVAL IS REQUIRED REQUIRED WHEN USUFRUCTORY MORTGAGE IS CREATED ?????

Regards,

Sagnik Sanyal



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