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Loan from outsider by pvt ltd

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 November 2017 Sir/Madam
I have a Pvt Ltd. company in which my wife and me are directors cum share holders. Our company want to take loan form outside (other than us and our friends and relatives).Can our company do so if yes is there any condition?
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Avinash Jeevan Dsouza

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Avinash Jeevan Dsouza (Expert)
25 November 2017 No you can take any unsecured loan from others.
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