whether the mortgage means disposal?
khushal chilbule
(Querist) 06 August 2010
This query is : Resolved
under section 293(1)(a) of Company Law the Company has passed the resolution and gave the powers to board of directors to mortgage the property of company and to charge over the assets of company. the sectioan says about the Sale , Lease and other means of Disposal; but not Mortgage exactly. whether the mortgage will be interpreted in respect of the other means of Disposal in this case?