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
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.
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