Maximum loans from directors and members
This query is : Resolved
09 November 2017
Unsecured loans from directors and members to what extent is allowable in the case of Private Limited Company
09 November 2017
1. Directors - no limit
2. From members - 100% of paid up capital and free reserves.
Inference- MCA circular 9/2015 dated 5-6-2015.
2. From members - 100% of paid up capital and free reserves.
Inference- MCA circular 9/2015 dated 5-6-2015.
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