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(Querist)
26 February 2016 Can a company obtain money/unsecured loan from a trust in which trustees of such trust are holding shares in the that Company.

Please tell me the relevant provision if it is possible.


Thanks in Advance.
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
28 February 2016 No a Private Company can't take laon from the Trust.
It can accept loan only from the followings:

1. Members of The Company
2. Relatives of the Directors
3. Directors
4. inter corporate Loan
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