Acceptance of a unsecured loan from huf
This query is : Resolved
08 February 2019
Plz clarify on following issues:
1. Whether a HUF is consider as a relative.
2. Whether a Pvt. Ltd. Company can take unsecured loan from HUF of its Directors?
3. Whether a Pvt. Ltd. Company Can take unsecured loan from HUF of Brother of Director?
1. Whether a HUF is consider as a relative.
2. Whether a Pvt. Ltd. Company can take unsecured loan from HUF of its Directors?
3. Whether a Pvt. Ltd. Company Can take unsecured loan from HUF of Brother of Director?
08 February 2019
please refer section 2(77) of Companies Act, 2013.
relative with reference to any person means anyone who is related to another if they are members of HUF
relative with reference to any person means anyone who is related to another if they are members of HUF
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