Can a private limted borrow 20 lakhs from an outsiders where he jas already 1 lakh as an equity shar
This query is : Resolved
Saraswathi Valliappan
(Querist)
08 November 2022
can a private limted borrow 20 lakhs from an outsiders where he jas already 1 lakh as an equity share capital
CA R SEETHARAMAN
(Expert)
08 November 2022
A Private Company is allowed to accept loan from its directors, their relatives or shareholders.
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