Question: Answer This As Soon As Possible Q.11 (b) On 5 September 2022, Orange Limited (OL) has obtained a long term loan of Rs. 300 million

Answer This As Soon As Possible

Q.11 (b) On 5 September 2022, Orange Limited (OL) has obtained a long term loan of Rs. 300 million from Mango Bank Limited for expansion of its business, against mortgage of the following properties: factory building situated in Quetta having value of Rs. 200 million. showroom situated in London, UK having value of Rs. 150 million. Under the provisions of the Companies Act, 2017: discuss the duties of OL with regard to the registration of above mortgages and the consequences of non-registration. (06) state the requirements relating to the inspection of register of mortgages and charges. (02)

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