Borrowing limit
This query is : Open
Bharat Akhaja
(Querist)
16 March 2016
Respected friends,
In India, is there any limit for capital borrow according to any laws / rules existing?
I mean if pvt ltd company turn over 60 cr p.a. then company can borrow capital @100 cr or any limit restricted by existing laws or rules.
CS Mitesh Mehta
(Expert)
16 March 2016
for private company there is no restrictions.
Bharat Akhaja
(Querist)
16 March 2016
Thanks Sir
Bharat Akhaja
(Querist)
16 March 2016
Thanks Sir
CS Ankur Srivastava
(Expert)
17 March 2016
There is no restriction like that.
Bharat Akhaja
(Querist)
17 March 2016
Thanks Sir
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