Shareholder loan to a pvt ltd company

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Querist : Anonymous

Querist : Anonymous (Querist)

27 September 2012 My question is can a shareholders gives loan to a pvt ltd company,and can someone guide me what resolution need to be drafted.

deepali agarwal

deepali agarwal (Expert)
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28 September 2012 A private limited company can accept loans

Arun Biyani

Arun Biyani (Expert)
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28 September 2012 A private limited company can take unsecured loan from its shareholders, directors and their relatives.

resolution will be simple that RESOLVED that company be and hereby authorized to accept an amount of Rs. by way of unsecured loan from its share holder Mr. repayable in years at a interest rate.

RESOLVED FURTHER that Mr. is aurhtorized on behalf of company to complete such formalties in this behalf as necessary.

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Querist : Anonymous

Querist : Anonymous (Querist)

28 September 2012 Thank you for your reply it is very helpful.