Poonawalla fincorp
Poonawalla fincorp

Money borrowing for pvt. co.

This query is : Resolved 

21 September 2016 Is it allowed for the private company to borrow money from external sources apart from bank, shareholders.If it is yes,then what is action is to be taken by private company.

22 September 2016 No a private limited company cannot borrow money other than directors and shareholders but company can borrow money from body corporates



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