Loan from Private Family Trust
This query is : Resolved
10 August 2021
Can a Private limited company having share capital take a loan from a Private Family Trust ?
Please advise .......................................
Please advise .......................................
10 August 2021
1. If such private Family trust is shareholder of Company. Then loan is allowed.
10 August 2021
2. But Practically in mostly cases, Trust are not shareholders of Company. On behalf of trust, trustee shall be shareholder of the Company. in these type of scenerio it will not allow.
10 August 2021
So should we first make trust a shareholder by issuing them one equity share?
13 August 2021
Yes, First issue shares to Trust make trust as shareholder then you can do the same.
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