Why is share holder approval not required when an eqitable mortgage is created

Sagnik (Querist) 16 March 2012 This query is : Open
Dear sir,
My query is :-
WHY IS SHAREHOLDER APPROVAL NOT REQUIRED WHEN EQUITABLE MORTGAGE IS CREATED ON AN ASSET OF THE COMPANY , BUT SHAREHOLDERS APPROVAL IS REQUIRED REQUIRED WHEN USUFRUCTORY MORTGAGE IS CREATED ?????
Regards,
Sagnik Sanyal

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