Unsecured Depost
This query is : Resolved
19 October 2010
Can the persons who are not the share holders of the company give the unsecured loan to the company?
19 October 2010
The basic definition of a private limited company states that it can accept deposits only from members, Directors and their relatives. Hence, the unsecured loan can be taken from members, Directors and their relatives.
In case of Ltd company the loans and deposits can be accepted from persons other than members, Directors and their relatives.
In case of Ltd company the loans and deposits can be accepted from persons other than members, Directors and their relatives.
19 October 2010
Hi
Please go to the following link
https://www.caclubindia.com/forum/unsecured-loan-107349.asp
Regards
Please go to the following link
https://www.caclubindia.com/forum/unsecured-loan-107349.asp
Regards
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