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Funds raising for a pvt ltd from its members

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 October 2011 Can a Pvt Ltd Company borrow/accept funds from its members?
Any restriction on maximum number of members
Any limit on maximum amount that a company borrow/accept funds from its members
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
09 November 2011 Maximum number of members for a private company is 50.

A Pvt Ltd Company can borrow/accept funds from its members. But it should be a secured loan. Unsecured loan taken by a private company from its members would be considered as acceptance of deposit which is a serious violation of Law.

RG
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