11 July 2015
company can take loan from director only. further if company has paid up capital less than 100 cr. than it can accept loan from shareholders too upto the total of its paid up capital + free reserves of last audited balance sheets
If company accept unsecured loan from shareholder within the limit as above, then what compliance it has to follow under the Companies Acceptance of Deposite Rules 2014.
CAclubindia
