Take and give loans
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 June 2013
please tell me that a private limited company can take and give loans from individual or huf.
Thanking you
Thanking you
03 June 2013
yes but it can take loans from only directors & its relatives. Borrowing from others shall become public borrowing, which a puiblic co. cant.
03 June 2013
Arpita is correct, loan can be received but subject to condition in AOA.
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