INTERASIA LEASING COMPANY LIMITED versus BANKERS EQUITY LIMITED
Section 205 Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003, R 5 Leasing Company to Apply for Long Term Association of Companies Leasing with Bankers Equity Limited (BEL), Fraudulent in BEL After detecting, take control of the BEL through the State Bank. management Failure of Banker Equity Limited Leasing Company to fail to attract fresh funds from financial institutions over failure to reconcile with the management of the accounts and consequent failure of the High Court Leasing Company's negative equity. I want to increase its equity and reject it. Failure of the merger of the leasing company due to a negative state of equity due to its application by the State Bank for grant of a license under R5 of the Non-Banking Finance Companies (Establishment and Regulation) Rules 2003, due to adverse state of equity The company's lease revenue is low. Problems with liquidation and its business suspension Since the leasing company's losses - Exceeds its paid-up capital, ND reserves approval to its board of directors, approving the leasing company's annual general meeting. Allows it to accept creditors' credit for voluntarily winding up the leasing company due to the inability of the High Directors to institute a certificate of instability. Launch lenders \ High Court accepts such summit application in circumstances \ r \ n
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