Can a pvt ltd company give loan to an individual???
This query is : Resolved
28 August 2014
Dear members,
Please tell me whether a Private Limited company can give loan to an INDIVIDUAL who is not connected to the company. If yes, what compliance has to be done.
Please help ,its urgent.
Please tell me whether a Private Limited company can give loan to an INDIVIDUAL who is not connected to the company. If yes, what compliance has to be done.
Please help ,its urgent.
CS Divesh Goyal
(Expert)
28 August 2014
Acco to me.yes company can give
but u have to pass board resplution for.this and.have to file same.with roc
and.check limit of lpan woth 186 otherwose.u need to pass sr if u cross.limit of 186can contact me.at csdiveshgoyal@gmail.com for more clarification
but u have to pass board resplution for.this and.have to file same.with roc
and.check limit of lpan woth 186 otherwose.u need to pass sr if u cross.limit of 186can contact me.at csdiveshgoyal@gmail.com for more clarification
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
