Can a Company take loan from share holders, out siders ? What are the provisions for these kind of loans in companies act. Any approvals to be taken.

Posted 7 months, 2 weeks ago by Enthusiasm to speak


Hi,

A Pvt. Company company can take loan/deposit from it shareholders upto 100% of its networth.

It can take loan from relative of a director provided that relative has confirmed in writting that he has not acquired fund from other borrowings.

Posted 7 months, 2 weeks ago by CA Manish Dalmia


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