Unsecured loans in a ltd co

VIKASH (DIRECTOR) (80 Points)

23 January 2015  

IS THERE ANY CHANGE W.E.F. 1-4-2015 THAT A "LTD" CO CAN NOT HAVE ANY

UNSECURED LOAN  FROM ANY INDIVIDUAL EXCEPT ITS DIRECTORS ONLY.

 

I.E. DIRECTOR RELATIVE OR SHAREHOLDER OR OUTSIDE PARTIES CAN NOT GIVE

UNSECURED LOANS TO CO.