Loan to private company
This query is : Resolved
29 April 2014
Sir,
there are two companies (both pvt co.) in which directors are same. Can one of the company borrow loan(unsecured) from other company?? if not a loan can it take payment for 3-5 days??
looking for sooner and proper reply,
thanks
there are two companies (both pvt co.) in which directors are same. Can one of the company borrow loan(unsecured) from other company?? if not a loan can it take payment for 3-5 days??
looking for sooner and proper reply,
thanks
Nikhil Kaushik
(Expert)
29 April 2014
it is prohibited wef 12 September 2013 under section 185 of the Companies Act 2013..
29 April 2014
thanks sir,
I was looking for this clause to clear the share application money(standing in books for seven yrs). Is there any other way for this???
thanks
I was looking for this clause to clear the share application money(standing in books for seven yrs). Is there any other way for this???
thanks
Nikhil Kaushik
(Expert)
29 April 2014
well you need to update urself with the changes brought in after notification of Companies Act 2013
Nikhil Kaushik
(Expert)
29 April 2014
you are welcome Priti.
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