PBS KUMAR (HR - PROFESSIONAL) 13 May 2014
Dear EXPERTS,
URGENT
One of the firm has purchased another firm. For this the shares and every thing changed and all the dues from Bank etc also for all statutory things cleared , now they need E.M actually what is E.M what is the procedure . While obtaining the clearance from the APIIC.
Regards,
PBS KUMAR
Mahesh R. Sonawane (Lawyer/Fight for justice) 13 May 2014
I think you required equitable mortgage not equitorial mortgage.....
A mortgage in which the lender is secured by taking possession of all the original title documents of the property that serves as security for the mortgage. It gives the mortgagee the right to foreclose on the property, sell it, or appoint a receiver in case of nonpayment.
PBS KUMAR (HR - PROFESSIONAL) 14 May 2014
Dear Mahesh ji,
May be you are correct. So please give your further suggestion for my quarry above.
Regards,
PBS KUMAR
PBS KUMAR (HR - PROFESSIONAL) 14 May 2014
Dear Mahesh ji,
May be you are correct. So please give your further suggestion for my quarry above.
Regards,
PBS KUMAR
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