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Sec 269

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(Querist)
20 December 2010 If the directors of a pvt ltd company bring in cash as unsecured loan,will it attract Sec 269?
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Ajay Mishra

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Ajay Mishra (Expert)
20 December 2010 Hi

Section 269 will not apply to private company unless it is subsidiary of public company.

Regards
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
20 December 2010 Yes Agreed With Ajay Sir
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