Loan to a company
This query is : Resolved
26 October 2016
Can a Company whether Private or Public Limited take loan from an Individual person not related to the company
26 October 2016
ACCORDING TO SECTION 2(68) OF THE COMPANIES ACT 2013, A PRIVATE COMPANY CANNOT ACCEPT THE DEPOSITS FROM THE PUBLIC
BUT PUBLIC COMPANY CAN ACCEPT THE DEPOSITS FROM THE PUBLIC BY COMPLYING WITH THE PROVISION OF DEPOSITS UNDER SECTION 73 OF THE COMPANIES ACT OR BY COMPLYING WITH THE PROVISIONS OF SECTION 180(1)(C) OF THE COMPANIES ACT 2013
BUT PUBLIC COMPANY CAN ACCEPT THE DEPOSITS FROM THE PUBLIC BY COMPLYING WITH THE PROVISION OF DEPOSITS UNDER SECTION 73 OF THE COMPANIES ACT OR BY COMPLYING WITH THE PROVISIONS OF SECTION 180(1)(C) OF THE COMPANIES ACT 2013
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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
