Loan from director and members

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M.M.SURANA

M.M.SURANA (Querist)
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17 February 2016 Pl highlight me provision of sec 180 of Companies Act, 2013 in respect of loan from director and members of Private Limited company

Thanks

c.bakshi

c.bakshi (Expert)
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18 February 2016 a pvt ltd company can take loan from its directors or relative of directors 60% of its paid up capital & 100% of its free reserve. if such limits exceeds approval of members is required

M.M.SURANA

M.M.SURANA (Querist)
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18 February 2016 apart from director can take loan from shareholder also. thanks

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