Interest free loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 October 2013 Can a Private limited Company give interest free loan to individuals ?


21 October 2013 Hi

No you can not give loan to individual, unless your company main business is financing.

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 October 2013 Is there any limit on giving loan to shareholder of a company even if he is holding a single share ?

21 October 2013 No there is no limit.

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 October 2013 thanks for solving my query.
can i get your number ?


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