unsecured loan from directors

Prerana Loka (CA-Articleship) (30 Points)

22 September 2018

can private company take unsecured loan from directors?

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3 Replies

CA Karan Sathe (CA ) (564 Points)
Replied 22 September 2018

Yes they can . However they can not grant loan/security/guarantee to them subject to section 185 and 186 of the companies act 2013

Sudarshan Sarda (CHARTERED ACCOUNTANT) (241 Points)
Replied 22 September 2018

Originally posted by : Prerana Loka
	can private company take unsecured loan from directors?

YES

Omprakash Jain (CA) (280 Points)
Replied 22 September 2018

yes. the co can accept loans from dir n relatives.

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