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Loan by private companies

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(Querist)
04 August 2011 whether a private company can take loan from another private company? if yes, under which provision of companies act?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 August 2011 Prima facie No. If intends to take, section 58A of the Companies Act,1956 has to be necessarily complied with.
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pooja

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pooja (Querist)
04 August 2011 whether Section 58A is applicable to private company?
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