Unsecured loan from a widely held company

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Mahesh Babu (Querist)
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05 February 2010 Can a Public Ltd Company give Unsecured loan to an Individual?
are there any conditions attached for this?

kindly help.

M Prabhakar Menon (Expert)
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11 February 2010 Depends on the company's policy to give such loans for which purposes and terms of recovery.

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