Legal Question in Banking Law in India
A company want to raise overdraft facility against pledge of HUF deposits. Whether HUF deposits can be pledged for overdraft facility by other company.
Asked on 7/06/12, 9:57 pm
5 Answers from Attorneys
Vivek Mapara
Vivek N. Mapara
Yes, it can be done, provided HUF signs pledging of its property
Feel free to contact
Vivek N Mapara
Attorney
Answered on 7/07/12, 12:33 am
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
other company has no locus to raise overdraft facility of HUF deposits unless the company belongs to the karta and/or coparceners.
Answered on 7/07/12, 1:24 am
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
i agree with Adv Gupta
Answered on 7/08/12, 4:43 am
Sanjay Kalra
Sanjay Kalra & Associates
Only if there is some connection between the company and HUF.
Answered on 7/08/12, 11:35 pm
Global Legist
Advocate & Legal Consultants
Hello,
For any further inquiry please contact us at [email protected]
With Regards
Global Legist
Advocates and Legal Consultants
+91 9873400403
www.globallegist.com
Answered on 7/12/12, 2:36 pm
Related Questions & Answers
-
No sir. thts all i wanted to ask. thnk u. sir this case is in lower court now Asked 7/05/12, 2:01 am in India Banking Law
-
Cheque book was on my name and the signatures are also mine Asked 7/05/12, 1:47 am in India Banking Law
-
Sir, I lost job(Terminated) from UAE due to recession in 2009. I have an unpaid loan... Asked 7/02/12, 11:46 pm in India Banking Law
-
I am a personal Gaurantor for our company which went bad. Can the bank attach my... Asked 6/30/12, 2:11 am in India Banking Law
-
What is consequence of not paying education loan from Allahabad bank, taken 7 years... Asked 6/27/12, 6:42 pm in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
