residential property on company name.

Anjana (Querist) 14 September 2009 This query is : Resolved
Hi,

Can a private limited company buy residential property on company name.

Thanksriven

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Raj Kumar Makkad (Expert) 14 September 2009
yes. The private company can also purchase residential property subject to its bye-laws.riven

KUMAR JAGADEESAN (Expert) 14 September 2009
yes. The company can buy a residential property if it is required for the business of the company like accommodating their employee/s, for use as guest house. A business connection however tenuous, need to be established to hold the property.

J.KUMAR
Hyderabadriven

Bhumik Dave (Expert) 15 September 2009
Yes. Why not.riven

Anjana (Querist) 15 September 2009
can company will be eligible to get housing loan for buying residential property.riven

Anjana (Querist) 19 September 2009
thanksriven

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