Hi
What is the procedure for taking a loan (short term / long term) from a Shareholder (member who is not a director) by a listed company? Is there any specific documentation required?
Regards
Sarada
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Procedure for taking Loan from Shareholder - Listed Company
Replies (1)
A Public ltd. company cannot accept loan from its members it will fall in category of deposit section 58A and acceptance of deposit rules shall be applicable.
csjyotika
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