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Loan by individual to company.

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Querist : Anonymous (Querist)
19 July 2014 Can a individual give a loan to a private company?
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Suresh Mittal

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Suresh Mittal (Expert)
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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