Can a section 25 Company accept unsecured loans from its shareholders
If Not can it accept unsecured loans from from the books of their associate companies / firms
Kindly advise
1 Replies
Dhruv
(Chartered Accountant)
(308 Points)
Replied 19 April 2010
As far as I am aware, section 25 companies can take unsecured loans from anyone, there is no restriction, the restriction only exists for public companies.
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