Loans taken by a company
This query is : Resolved
01 May 2009
Hi,
Can a private company take any loan/advances from another private company?The business of the above both the companies are not lending or borrowing. Both are independent company & not related in any way. What are the other implecations if any private companies take loans from the outsider?
Kindly reply soon.
Ram
Can a private company take any loan/advances from another private company?The business of the above both the companies are not lending or borrowing. Both are independent company & not related in any way. What are the other implecations if any private companies take loans from the outsider?
Kindly reply soon.
Ram
01 May 2009
A private company can take loan from another private limited company ( it should not be a subsidiary of a public limited company).
The lender and receiver also should pass appropriate resolutions as per companies act.
The lender and receiver also should pass appropriate resolutions as per companies act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Missed TDS
- IT returns for fresh job holders
- F&O reporting in ITR
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
