Loan from Private Family Trust
This query is : Resolved
10 August 2021
Can a Private limited company having share capital take a loan from a Private Family Trust ?
Please advise .......................................
Please advise .......................................
10 August 2021
1. If such private Family trust is shareholder of Company. Then loan is allowed.
10 August 2021
2. But Practically in mostly cases, Trust are not shareholders of Company. On behalf of trust, trustee shall be shareholder of the Company. in these type of scenerio it will not allow.
10 August 2021
So should we first make trust a shareholder by issuing them one equity share?
13 August 2021
Yes, First issue shares to Trust make trust as shareholder then you can do the same.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
