My query is whether i can take a loan of US$ 3,00,000 from my uncle living in Japan for purchase of agricultural land in india. If not whether they can give loan to my Co. & co. will give then loan to its director.
03 April 2012
there is a co. ..incorporated in d year 2007..but since incorporation no formalities regarding roc has been done..co's authorised share capital is 5 lakh nd paid up is rs 1 lac... in phase 1 co has issued 10,000 shares to both d directors..now wat r d formalities dat a co. is requried to do