Can a Private limited co. can accept Loan from an individual
This query is : Resolved
Amit Kanodia
(Querist)
25 March 2009
Please let me know if a private limited co. can accept loan from an individual.
25 March 2009
A pvt ltd co. can accept loan only from:
i) Shareholders
ii) Directors
iii) Other bodies corporate
for the purpose of their business.
i) Shareholders
ii) Directors
iii) Other bodies corporate
for the purpose of their business.
CA. Aryendra
(Expert)
25 March 2009
I support Prakash Somani
CA Nitin Wadhwani
(Expert)
25 March 2009
Also loan can be accepted from relatives of directors.
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