Loan taken by a private limited company
gokul nath (1 Points)
06 January 2020
can a private limited company take loans from other parties, other than related parties
2 Replies
Chirag
(Professional)
(1979 Points)
Replied 10 January 2020
Pvt Ltd company can always take loan from -
Banks / Financial Institution
By Issuing secured debentures
From Directors and their Relatives (Deposit)
Up-to 100% of NW from shareholders(Deposit)
By Listed Unsecured NCDs
Banks / Financial Institution
By Issuing secured debentures
From Directors and their Relatives (Deposit)
Up-to 100% of NW from shareholders(Deposit)
By Listed Unsecured NCDs
CS Vishal Mehta
(Self Employed)
(436 Points)
Replied 24 January 2020
Private Limited Company can not take loans from friends or neighbours or other unregistered financers (lenders) of directors or promoters, it can only take loans from the ways as described by Chirag
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