Unsecurded loan by pvt ltd from another company.
This query is : Resolved
08 August 2014
Dear Sir,
As per the recent changes in the companies act,please clarify, if a Private limited co. can take inter corporate loans from other pvt or public co. Is there any time period ,in which these loans have to be repaid ? Please clarify this .
Thanks !
As per the recent changes in the companies act,please clarify, if a Private limited co. can take inter corporate loans from other pvt or public co. Is there any time period ,in which these loans have to be repaid ? Please clarify this .
Thanks !
08 August 2014
Such borrowings is permitted since it wouldn't be considered as 'deposit' as per Companies (Acceptance of Deposits) Rules,2014.
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