Loans by company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2011
If a pvt ltd co is not able to source enough finances from banks/FI/relatives etc, can it borrow (unsecured loans not deposits) from other firms/indl.
Kaushal Jha
(Expert)
09 June 2011
Unsecured loan can be taken only from Shareholders/Directors/Body Corporates.
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