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limitation for giving loans by a privare limited company

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(Querist)
02 January 2009 Are there any limitation for giving loans by a privare limited company. I have heard that if loans exceed by 50% of paid up capital it is regarded as NBFC. Please Heip
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
14 April 2012 Not only 50% of assets criteria, it has to satisfy 50% of income criteria also i.e of its total income if more than 50% is from financial services, then it will be rendered as a NBFC.
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