loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2011
if a limted company ( limited by shares) .
then how a company take loan from outsiders to induce fund in the company.
then how a company take loan from outsiders to induce fund in the company.
12 April 2011
A limited company cannot take loan from outsiders other than its Directors.
However inter corporate loans are allowed. So it can borrow funds from other corporates. For details refer to Section 372A.
Other ways to induce funds is by way of issue of equity shares(dilution of ownership) or by way of issuance of preference shares or debentures (without dilution of ownership).
However inter corporate loans are allowed. So it can borrow funds from other corporates. For details refer to Section 372A.
Other ways to induce funds is by way of issue of equity shares(dilution of ownership) or by way of issuance of preference shares or debentures (without dilution of ownership).
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