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Loan from individual by pvt ltd

This query is : Resolved 
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(Querist)
27 February 2012 A pvt Ltd company can take unsecured loans from Individuals or firm ?
Individual- if director or its relative or shareholder
Individual - if other than above

Kindly let me know at earliest

THanks in advance
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Guest (Expert)
27 February 2012 Such loans are not allowed. A private ltd. co. can take loan from its shareholders only.
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