Loan from and to private limited company

dera jitendra

under section 372A No restrictions to private limited company on giving loans or guarantees to other companies or on making investment in the shares of the other companies.

regards,

thanks for reply!!!

But here question relates Not with Inter Corporate Loans.

Can a Pvt Ltd company take Loan from any Firm or Individual????

And can the same take place as vice-versa?????

A pvt. company can accept loan only from its members, directors or their relatives otherwise it would be considered as violation of sec 3 of the companies Act.

SO YOU MEAN THAT PVT LTD COMPANY CAN NOT TAKE LOAN FROM BANKS????

A public and private limited company can take loan from other company and body corporate and the same would be covered under section 372A as an inter corporate loan. The above is exempt from the deposit rules, 1975.

 A public and private company can also take loan from Banks/PFIs under the same section 372A as an inter corporate loan.

regards,

A public and private limited company can take loan from other company and body corporate and the same would be covered under section 372A as an inter corporate loan. The above is exempt from the deposit rules, 1975.

 A public and private company can also take loan from Banks/PFIs under the same section 372A as an inter corporate loan.

regards,

Will the provisions of deemed dividend be attracted if one pvt. ltd. co. gives loan to another related (common shareholders) pvt. ltd. co. and the interest has been charged as per the prevailing market rates.