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Unsecured loand from friends

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25 September 2012 I am running a proprietorship firm dealing with Vehicle Hire-Purchase/Hypothecation business.Can I borrow unsecured loan from my friends. If so is there any ceiling on that.

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CA Navin Jain

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CA Navin Jain (Expert)
25 September 2012 yes you can received unsecured loan from friend without any limit but condition is loan should be taken through a/c payee cheque.

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