LawRato

Want to mortgage ancestral property to start up a company what to do


15-Feb-2023 (In Property Law)
There is an ancestral land which we later want to mortgage and start up with a new business. What the procedure to go about it?
Answers (2)

Answer #1
534 votes
Prepare mortgage deed with legal consent with a lawyer ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,",,",,,,",,","""""""""""""","",,,,,,,,,,,,,,,
Answer #2
706 votes
The ancestral property may be mortgage with any financial institution and after obtaining mortgage loan a corpus may be built for meet out the requirements of company and therafter to proceed to form a company.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."