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Loans from relatives for pvt ltd.,

This query is : Resolved 
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(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.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
11 October 2014 no. cant be done. refer section 185 Companies Act 2013
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