Pvt ltd co
This query is : Resolved
sejpal kartik
(Querist)
18 July 2012
1)can directors relatives give loans to pvt ltd co? 2)if pvt ltd co has term loan or cc 3)can pvt ltd co give loan to any pvt ltd co and receive interest? what procedure do we need to follow for above in the companies act?
Pooja Taori
(Expert)
26 July 2012
1. As per Section 58 A a private Company can take loan from its director, relative of Directors and members of the company (refer Sec 58 A
2. A company can give loan to other company subject to the Ceiling of Sec 372 A
2. A company can give loan to other company subject to the Ceiling of Sec 372 A
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