unsecured loan from company...
This query is : Resolved
Gauav Aggarwal
(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.
CA Pramod Jain
(Expert)
25 January 2010
yeh they can take
CA Ravi Sisodia
(Expert)
25 January 2010
yes
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
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
Gauav Aggarwal
(Querist)
26 January 2010
thanks
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