COMPANIES LAW LOANS BY A COMPANY - Professionals - Legal - TIK Share
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COMPANIES LAW LOANS BY A COMPANY


Enthusiasm to speak

2016-07-06

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.

CA Manish Dalmia

2016-07-07

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.

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