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Loans by company

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 June 2011 If a pvt ltd co is not able to source enough finances from banks/FI/relatives etc, can it borrow (unsecured loans not deposits) from other firms/indl.
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Kaushal Jha

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Kaushal Jha (Expert)
09 June 2011 Unsecured loan can be taken only from Shareholders/Directors/Body Corporates.

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