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unsecured loan from company...

This query is : Resolved 
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(Querist)
25 January 2010 Can Private company take unsecured loan from the other private company..? Both companies are not connected ya related each other in any manner i.e they don't have common director. etc.
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CA Pramod Jain

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CA Pramod Jain (Expert)
25 January 2010 yeh they can take
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
25 January 2010 yes
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Ankur Garg

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Ankur Garg (Expert)
26 January 2010 YES

You may go ahead as section 372A also not applicable to your case if your co. is a purely a pvt. co.

But when u pass board resolution do not forget to mention section 292(1)(e).

Regards
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Gauav Aggarwal

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Gauav Aggarwal (Querist)
26 January 2010 thanks
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