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unsecured loan

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(Querist)
28 August 2010 Can A private limited co. issue loan to person?If yes then what is the limit?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 August 2010 It can be done by passing a resolution u/s 292(1)(e) specifying the limit in the resolution.
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Ankur Garg

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Ankur Garg (Expert)
30 August 2010 Agree

But it is advisable to add this activity in object clause especially if this activity is regular.

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