Section 79 of CA 2013 : Section 79: Section 77 To Apply In Certain Matters
CA 2013
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Explanation using Example
Imagine a company, 'FutureTech Pvt. Ltd.', is interested in purchasing a new office building. The building, however, already has an existing mortgage (a type of charge) on it from a bank. According to Section 79 of The Companies Act, 2013, when FutureTech acquires this property, they must ...
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