Unsecured Loan in between 2 pvt ltd companies
This query is : Resolved
05 February 2022
Hi,
I want to know that if one director have position in 2 domestic companies as director than one company will give unsecured loan to unother company? or in between both companies give loan to each other ?
thanks with regards
D.K. Sharma
I want to know that if one director have position in 2 domestic companies as director than one company will give unsecured loan to unother company? or in between both companies give loan to each other ?
thanks with regards
D.K. Sharma
06 February 2022
As per the provisions, the Companies can accept unsecured loan or deposit from Director of the company provided further that such amount is not a borrowed amount and can accept inter corporate loan(s) from another body corporate and not from any other person.
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