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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- ITR-Capital Gain
- Taxation on Old jewellery sold
- Reporting in TDS return
- ITR 44AD SECTION
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Residential status of non resident
- GST ISD Query on various AMCs
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
