about maximum limit to accept unsecured loan
This query is : Resolved
18 February 2009
Dear Sir,
I want to know that what is the maximum limit of accepting unsecured loan in any private limited company.
Further to my question if I accept loan in other than rupee than what would be the answer?
I have a client of private limited company and it accepts unsecured loan in euro from spain than in which extent I accept the unsecured loan?
Your answer is always honourable for me so do the needful if any of you know.
Thanking you in advance.
I want to know that what is the maximum limit of accepting unsecured loan in any private limited company.
Further to my question if I accept loan in other than rupee than what would be the answer?
I have a client of private limited company and it accepts unsecured loan in euro from spain than in which extent I accept the unsecured loan?
Your answer is always honourable for me so do the needful if any of you know.
Thanking you in advance.
14 March 2012
As such there is no limit. But you need to ensure that you do not violate the provisions of Section 269SS and 269T.
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