Can company borrow money from proprietorship firm.
This query is : Resolved
03 February 2016
Kindly answer,
Can a private company borrow money as a loan from a proprietorship firm of one of the same director of the same Company?
please also suggest applicable sections as well.
Can a private company borrow money as a loan from a proprietorship firm of one of the same director of the same Company?
please also suggest applicable sections as well.
08 February 2016
Ms. Jyoti,
No Private Limited Company can't borrow money from proprietorship firm.
it can accept loan only from Directors, Members and Relative of Directors.
No Private Limited Company can't borrow money from proprietorship firm.
it can accept loan only from Directors, Members and Relative of Directors.
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