Loan by company
This query is : Resolved
Vivek Khakhkhar
(Querist)
01 May 2014
Can a private company as per new companies act, 2013 avail loan from director's relative, shareholders, HUF etc. & what is section/provision of the same?
01 May 2014
Yes can be taken but subject to fulfilment of certain condition. Not as easy as it was under Companies Act 1956.
Please refer to Section 73(2) of the Companies Act 2013. Link of bare act is given below--
https://www.mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf
Please refer to Section 73(2) of the Companies Act 2013. Link of bare act is given below--
https://www.mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf
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Vivek Khakhkhar
(Querist)
02 May 2014
Thank You Sir for your response.
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