Loan
This query is : Resolved
Guest
Guest
(Querist)
13 January 2010
can a pvt. ltd. co take a loan from the shareholder???
is it violation of co act??
and also from relatives of shareholder and directors???
is it violation of co act??
and also from relatives of shareholder and directors???
13 January 2010
YES. YOU CAN GET THE LOAN FROM DIRECTORS OR SHAREHOLDERS.
CS Vandana Kacholia
(Expert)
13 January 2010
yes even from relative of directors also which a company is supposed to disclose in related party transaction.
others views are also invited
others views are also invited
Aditya Maheshwari
(Expert)
13 January 2010
A private limited company can take loan from directors, shareholders and their relatives only. If the same is complied then no violation of section 58A of Companies Act. However certificate should be taken from the persons from whom loan is received that the loan given is not from loan funds
CA Ravi Sisodia
(Expert)
13 January 2010
Agree
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- Employee secondment
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Form 144 TDS Return Validation error
- TDS Return Statement Status
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Appointment of Auditor By Form ADT-1
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
