If the company has taken loan after formation from public who is not shareholder or director or relative and not given any advertisement what it will be treated? Please send me in details.
1 Replies
PRASHANT BAJAJ
(STUDENT)
(22 Points)
Replied 15 June 2009
| Originally posted by :GOPAL KUMAR AGRAWAL | ||
| " | If the company has taken loan after formation from public who is not shareholder or director or relative and not given any advertisement what it will be treated? Please send me in details. |
" |
if the co. is private company, it will be treated as public deposit & private co. can not accept it will lead to offence under companies act 1956
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