Section 25 Company

Others 723 views 1 replies

 

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

Replies (1)

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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