Loans
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2015
SIR PLEASE TELL ME CAN A PRIVATE COMPANY TAKE LOAN FROM RELATIVES OF THE DIRECTORS WHO ARE THE SHAREHOLDERS OF THE COMPANY.
CS JAY GOHIL
(Expert)
24 June 2015
a pvt ltd company whose paid up capital is less than 100 crore can take loan from its share holders upto the total sum of its paid up capital & free reserves. not more than it
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