A private limited company can take loan from trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 September 2012
Dear Sir,
Please tell me, Can a private limited company
take loan from private trust?
Trust has power to given loan to others inn trust deed.
Please tell me, Can a private limited company
take loan from private trust?
Trust has power to given loan to others inn trust deed.
11 September 2012
If the trust is a NBFC then only private company can take a loan from trust.A privat company is prohibited from accepting public deposits
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