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.
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
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
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
- Post Office RD Interest
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Annual return of gst limit
- Gift of mutual fund units to daughter
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
