Easy Office
LCI Learning

Unsecured loans

This query is : Open 
Profile Image

Profile Image

(Querist)
16 August 2011 Can Unsecured Loans be accepted from other than shareholders & directors in case of private company.

If no, then wht is the consequences in company law act and any other penalty etc.
Profile Image

Vivek Mehta (CA, DISA,CS, MBA)

Profile Image

Vivek Mehta (CA, DISA,CS, MBA) (Expert)
16 August 2011 No, There is no such bar a company can always accept unsecured loans for other then shareholders and directors

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links