Loan against shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 November 2014 Dear Experts,

we are a public listed company at bse & nse exchange.

Please advise whether company can take loan against pledging directors shares of the said company from individuals ?

Please advise.

Regards,

Vijay Jain

20 November 2014 Taking loan from INDIVIDUALS? that too director's shares? Approach some banker...psu, private or foreign

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 November 2014 My question is can we take secured loan from individual as per companies act 2013 ?

Please advise.

20 November 2014 The company desirous of obtaining loan from individual, it has to comply with the Deposits Rule which include obtaining credit rating, issuing circular, creating reserve account........Source TAXGURU.com
https://taxguru.in/company-law/provisions-companies-act-2013-pertaining-acceptance-giving-loans-company.html


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