Loan taken by limited company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2013
Can Limited company taken a loan from any one
like individual
like individual
24 September 2013
Yes provided not prohibited by memorandum or articles of the company.
24 September 2013
It will be covered under the Deposit under section 58A of the Companies Act, 1956.
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