Poonawalla fincorp
Poonawalla fincorp

A private limited company can take loan from trust

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 September 2012 Dear Sir,

Please tell me, Can a private limited company
take loan from private trust?
Trust has power to given loan to others inn trust deed.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
11 September 2012 If the trust is a NBFC then only private company can take a loan from trust.A privat company is prohibited from accepting public deposits

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