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Loan from outsider

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(Querist)
12 February 2011 Can a company borrow loan from an individual outside the company, is there any limit or after effects.
will it effect the company in any other means.........?
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CA bhargava

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CA bhargava (Expert)
17 February 2011 yes companies can borrow any amount from the outside individulas subject to limit U/s.293(1)(d)
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Mathew George ACMA

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Mathew George ACMA (Querist)
17 February 2011 what about the effect........?




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