Loan by individual to company.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2014
Can a individual give a loan to a private company?
19 July 2014
AS PER LAW AS ON DATE INDIVIDUAL CAN GIVE LOAN ONLY IF THEY ARE DIRECTOR IN THE COMPANY TAKING THE LOAN. FURTHER IN THAT CASE ALSO THEY CANNOT GIVE LOAN OUT OF BORROWED FUNDS.
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