Legal Question in Banking Law in India
Dear Sir,
I am a karta of HUF. I run a Hotel.
Can I take a CC limit for the Hotel, as a Karta of HUF and not as an Individual proprietor?
Asked on 9/11/14, 11:57 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
13.09.2014
Dear Sir / Madam,
If the ownership of the hotel is in the name of the HUF, you can certainly avail CC limits for the Hotel.
Regards,
Answered on 9/13/14, 6:12 am
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