Loan recieved by the NBFC Pvt Ltd Co
This query is : Resolved
10 November 2010
Hello
I want to take a suggestion from the experts on one point. The point is that: the NBFC Co wants to take a loan from a other private Ltd Co other than NBFC then can it take or not? If yes then what will be the documents to be prepared. Kindly suggest. It is Urgent.
My second point is that: the co has taken loan from its director which exceeds the paid up capital. Is there any remedy of it. Or the co has to pass some resolution, if yes then send the proforma of the same at the e-mail budhiraja.sanjay@rediffmail.com
thanks and regards
sanjay
I want to take a suggestion from the experts on one point. The point is that: the NBFC Co wants to take a loan from a other private Ltd Co other than NBFC then can it take or not? If yes then what will be the documents to be prepared. Kindly suggest. It is Urgent.
My second point is that: the co has taken loan from its director which exceeds the paid up capital. Is there any remedy of it. Or the co has to pass some resolution, if yes then send the proforma of the same at the e-mail budhiraja.sanjay@rediffmail.com
thanks and regards
sanjay
10 November 2010
1) NBFC can take loan from any other company. There is no specific restriction on an NBFC in this regard.
2) Director of an NBFC can give Loan to the NBFC provided it is from his own funds (not borrowed funds). The same would be classified as an exempt deposit.
2) Director of an NBFC can give Loan to the NBFC provided it is from his own funds (not borrowed funds). The same would be classified as an exempt deposit.
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
