Unsecured loan
This query is : Resolved
11 July 2015
Can a private company accept unsecured loan from HUF of promoter OR director.
11 July 2015
company can take loan from director only. further if company has paid up capital less than 100 cr. than it can accept loan from shareholders too upto the total of its paid up capital + free reserves of last audited balance sheets
11 July 2015
Agree with the above opinion of expert.
Thanks
Thanks
13 July 2015
Thanks.
If company accept unsecured loan from shareholder within the limit as above, then what compliance it has to follow under the Companies Acceptance of Deposite Rules 2014.
If company accept unsecured loan from shareholder within the limit as above, then what compliance it has to follow under the Companies Acceptance of Deposite Rules 2014.
13 July 2015
This type of transction is exempt from deposit rules so no compliamce needed
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