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Unsecured Loans in a Company

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(Querist)
09 January 2010 My question is whether a private company has to take unsecured loans only from its directors or from outsiders too?
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Rasesh

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Rasesh (Expert)
15 January 2010 Deposits can be taken from Directors and Shareholders only. Otherwise, pvt loans can take any other form of unsecured loans from any person.
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Maheswar Reddy Chandra

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Maheswar Reddy Chandra (Querist)
16 January 2010 thank u for ur answer.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
02 July 2023 "Sorry, I am not a featured member."

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