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Can a private limted borrow 20 lakhs from an outsiders where he jas already 1 lakh as an equity shar

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(Querist)
08 November 2022 can a private limted borrow 20 lakhs from an outsiders where he jas already 1 lakh as an equity share capital
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 November 2022 A Private Company is allowed to accept loan from its directors, their relatives or shareholders.

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