Can a Private Company accept unsecured loans from a Company
This query is : Resolved
12 July 2010
Can a Private Company accept unsecured loans from a Company(whether Pvt. or Public. Ltd.)
RAMESH KUMAR VERMA
(Expert)
12 July 2010
dear Rupal,
YES CAN TAKE FOR MORE INFORMATION GO TO FOLLOWING PATH:-
https://www.caclubindia.com/forum/unsecured-loan-from-director-of-private-company-34234.asp
Regards
YES CAN TAKE FOR MORE INFORMATION GO TO FOLLOWING PATH:-
https://www.caclubindia.com/forum/unsecured-loan-from-director-of-private-company-34234.asp
Regards
Bharath Kumar
(Expert)
12 July 2010
Yes they can.
Ankur Garg
(Expert)
12 July 2010
pass a board resolution u/s 292(1)(c) and go ahead.
Section 372A inter-corporate loans is not applicable on a private company.
Regards
Section 372A inter-corporate loans is not applicable on a private company.
Regards
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