unsecured loan for pvt ltd company

sajeer k (accounts officer) (177 Points)

03 February 2019

i have a pvt ltd company

can i collect fund by unsecured to company
from an individual (cash or bank)

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4 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14663 Points)
Replied 03 February 2019

please elaborate your query , not clear .

sajeer k (accounts officer) (177 Points)
Replied 03 February 2019

can i collect loan from an individual by cash or bank

PUSHP KUMAR SAHU (CA FINAL ASPIRANT) (3115 Points)
Replied 03 February 2019

you cannot take cash loan in excess of 20000INR from any one as it is prohibited by section 269SS ...

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Krishna (Manager - Genesis Tax Consultant) (531 Points)
Replied 04 February 2019

Yes, you can get a loan from an Individual through cheque or NEFT or IMPS or RTGS

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