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 3 years 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 3 years ago by manish dalmia
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