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Loan from a Trust (80G) to a Pvt Limited Co

This query is : Resolved 
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(Querist)
12 September 2008 Can a Private Limited Limited Co. accept loans from a Trust. If yes, under what head should it appear in the balance sheet. If no, what is the remedial measure to be taken to correct this mistake?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
30 October 2008 It can not. To repay the loan taken
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