Unsecured Loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2010
Is there any restriction on a private limited company to take unsecured loan from a person other than director or shareholder?
18 January 2010
Deposits can be taken by a private limited company from director or shareholder. All other forms of unsecured loans e.g ICD can be taken from other persons.
19 January 2010
If you want to accept loan from others persons then the same would not be exempted from deposit rules, 1975.
You have to comply with the Deposit rules, 1975 before takeing unsecured loan from a person other than director or shareholder.
You have to comply with the Deposit rules, 1975 before takeing unsecured loan from a person other than director or shareholder.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Specified Profession
- STCG FOR GOLD ETFs
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
