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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2015 SIR PLEASE TELL ME CAN A PRIVATE COMPANY TAKE LOAN FROM RELATIVES OF THE DIRECTORS WHO ARE THE SHAREHOLDERS OF THE COMPANY.
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CS JAY GOHIL

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CS JAY GOHIL (Expert)
24 June 2015 a pvt ltd company whose paid up capital is less than 100 crore can take loan from its share holders upto the total sum of its paid up capital & free reserves. not more than it

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