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Cash borrow

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 June 2016 Can director give cash to pvt ltd. company as a unsecured loan or liabilities ? What is limit for the same ?
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Rupesh Jain

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Rupesh Jain (Expert)
06 June 2016 NO, it is not possible under the company act and income tax act both not allowed

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