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Un secured loans

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 November 2013 Dear Sir,

As a pvt ltd company we are accepting Interest free unsecured loans from relatives.As per law shall we pay interest or not on such loans. pls clarify
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Ajay Mishra

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Ajay Mishra (Expert)
23 November 2013 You can loan with or without interest from relatives of directors.

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