Loans from members
This query is : Resolved
04 October 2018
Dear Experts,
Can a Private Company accept Loan from Members? And What if the Director is the Shareholder too? Please answer under the purview of exemption granted via notification dated 13th June 2017.
Can a Private Company accept Loan from Members? And What if the Director is the Shareholder too? Please answer under the purview of exemption granted via notification dated 13th June 2017.
05 October 2018
Yes. Private company can accept loan from members to the extent of 100%of networth.
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