Unsecured loan from shareholders under companys act,2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 April 2014
As per the companies act 2013, can private limited company accept unsecured loan from its shareholders ? and if no then the unsecured loan from shareholders how to deal with . cause no tenure(time limits like deposit) is decided . pl.do do specify related sections.
regards
regards
09 April 2014
Cannot accept loans from shareholders. Existing loans has to be repaid on or before 31-3-2015 otherwise it will be treated as deposits.
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