borrowings by private company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2010
hella sir
I need to know whether a private company, having paid up share capital & Reserves amounting to Rs.6.45 crores, and secured loans amounting to Rs. 7.72 Crores
Now want to borrow money from eight lenders Sum of Rs. 25 Lakhs each.
Total Of Rs. 2 Crores
is this valid and allowed under provisions of act.
please hurry and say yes or no
with reasons
I need to know whether a private company, having paid up share capital & Reserves amounting to Rs.6.45 crores, and secured loans amounting to Rs. 7.72 Crores
Now want to borrow money from eight lenders Sum of Rs. 25 Lakhs each.
Total Of Rs. 2 Crores
is this valid and allowed under provisions of act.
please hurry and say yes or no
with reasons
04 December 2010
yes, it is allowed
Message likes :
1 times
04 December 2010
Yes.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
