Can a Private limited co. can accept Loan from an individual
This query is : Resolved
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.
25 March 2009
I support Prakash Somani
25 March 2009
Also loan can be accepted from relatives of directors.
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