Unsecured loans from directors
This query is : Resolved
12 June 2015
Can a pvt. ltd. Co. accept unsecured loans from directors. need the provisions triggering under Co Act.
13 June 2015
yes companies can take it from its director. section 73 to 76 of the Co act, 2013
however new exemptions are also allowed to private companies wef 29/05/2015 , company can take it from its shareholders
however new exemptions are also allowed to private companies wef 29/05/2015 , company can take it from its shareholders
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