Dear all,
I am working with a Pvt. Ltd. company.
Can a Pvt. Ltd co. can take loan from perosn other than family members of the director.
If yes than at what terms & conditions.
Dilip Kumar Tiwari (Sr. Executive Accounts / Commercial) (94 Points)
27 September 2011Dear all,
I am working with a Pvt. Ltd. company.
Can a Pvt. Ltd co. can take loan from perosn other than family members of the director.
If yes than at what terms & conditions.
Meet Joshi
(Company Secretary)
(275 Points)
Replied 27 September 2011
As per Section 3 Private Company can take loan from Directors, Members or their Relatives.
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