Loans from relatives for pvt ltd.,
This query is : Resolved
DHANDAPANI.S
(Querist)
11 October 2014
Can A Pvt ltd Co., lend money from a relative of anyone of directors? If possible means may the payment mode is either cheque or account transfer or cash? Anyone Kindly Clarify this issue.
Nikhil Kaushik
(Expert)
11 October 2014
no. cant be done. refer section 185 Companies Act 2013
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