Loan
This query is : Resolved
19 June 2015
can a company take loan from an individual which is neither a director nor relative of director.
19 June 2015
not it can not take
20 June 2015
can a company take loan from an individual Who is relative of director.
20 June 2015
company can take loan only from it directors. further director should have its owned fund he can not give loan from borrowed fund. affidavit is required regarding owned fund. a private limited company whose share capital is less than 100. cr. can take loan from its share holders subject to maximum of paid up capital and free reserves.
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