limitation for giving loans by a privare limited company

This query is : Resolved 

02 January 2009 Are there any limitation for giving loans by a privare limited company. I have heard that if loans exceed by 50% of paid up capital it is regarded as NBFC. Please Heip

14 April 2012 Not only 50% of assets criteria, it has to satisfy 50% of income criteria also i.e of its total income if more than 50% is from financial services, then it will be rendered as a NBFC.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries