Unsecured from Directors
This query is : Resolved
16 November 2008
DEAR SIR,
MY QUERY IS THAT WHETHER A COMPANY CAN TAKE UNSECURED LOAN FROM DIRECTOR EVEN THOUGH HE IS NOT A SHAREHOLDER OF A COMPANY
Regards
Ravi Konda
MY QUERY IS THAT WHETHER A COMPANY CAN TAKE UNSECURED LOAN FROM DIRECTOR EVEN THOUGH HE IS NOT A SHAREHOLDER OF A COMPANY
Regards
Ravi Konda
17 November 2008
Which kind of company? A public company or a private company?
17 November 2008
Dear Sir,
It is a Private Limited company
Regards
Ravi Konda
It is a Private Limited company
Regards
Ravi Konda
17 November 2008
In the given situation the company cannot take unsecured loans from directors. Pl refer circulars 1/1/80-CL-V dt.03-05-1980 and 3/13/84-CL-X Dt.27-11-1984.
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