Acceptance of a unsecured loan from huf


(Querist)
08 February 2019
Plz clarify on following issues:
1. Whether a HUF is consider as a relative.

2. Whether a Pvt. Ltd. Company can take unsecured loan from HUF of its Directors?

3. Whether a Pvt. Ltd. Company Can take unsecured loan from HUF of Brother of Director?


Amol S Joglekar (Expert)


Click to Talk 08 February 2019
please refer section 2(77) of Companies Act, 2013.
relative with reference to any person means anyone who is related to another if they are members of HUF


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