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cash loan recieved from directors

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(Querist)
06 May 2010 whether private limited company accept unsecured loans in cash from directors.
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CA BIREN SHAH

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CA BIREN SHAH (Expert)
07 May 2010 no it can not accept.A co. can not TAKE and REPAY but it can give loan to directors
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thukarama Rai p

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thukarama Rai p (Querist)
07 May 2010 thank u very




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