Can a Unlisted public company accept loans from relative of directors
Turnover of co- 46crs
paid up capital+reserves and surplus=1.9crs
4 Replies
Shashikant Sharma
(26 Points)
Replied 15 September 2017
acceptance of loan from relative of directors is available for private limited companies. a public cannot accept...
Soma Sri Swaroop
(58 Points)
Replied 16 September 2017
Thanks Shashikant for your answer but I have another doubt
can a public company accepts loans from outsiders i.e individuals, who are not related at all?
can a public company accepts loans from outsiders i.e individuals, who are not related at all?
Shashikant Sharma
(26 Points)
Replied 16 September 2017
a public company who fulfill the criteria of eligible company can accept deposit from public subject to compliance of section 76,read with deposit rules..
Shashikant Sharma
(26 Points)
Replied 16 September 2017
a public company who fulfill the criteria of eligible company can accept deposit from public subject to compliance of section 76,read with deposit rules..
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