Loan by Individual to Private Limited company
This query is : Resolved
17 October 2021
Can a Private limited company accept loan from any individual other than directors, their relatives and shareholders?? If yes then whether it is considered as deposit or not??
18 October 2021
No.
If accepted, will become deposit per Companies ( Acceptance of Deposit ) Rules,2014.
If accepted, will become deposit per Companies ( Acceptance of Deposit ) Rules,2014.
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