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Unsecured loan - is there any latest amendment

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2015 CAN WE BRING ANY AMOUNT OF UNSECURED LOAN FROM ANYBODY IN OUR PRIVATE LIMITED COMPANY SUBJECT TO COMPANY'S ACT OF SEPTEMBER 2013. I HAVE HEARD THAT RULES FOR TAKING UNSECURED LOANS NOW HAVE BEEN SIMPLIFIED AND WITH NO RESTRICTION A PVT LTD COMPANY CAN BRING ANY AMOUNT OF UNSECURED LOAN. NOTHING IS APPLICABLE SUBJECT TO SEPTEMBER 2013 COMPANY ACT

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=1015481
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 September 2015 Cannot from any body. But allowed to accept from DIRECTORS and their RELATIVES as per notification dated 15-09-2015.

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