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Unsecured loan of pvt. comp

This query is : Resolved 
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(Querist)
06 January 2012 Can any P. Ltd. company take unsecured loan from any individual other than Director or Relative of Director.
Plz also reffer the Sec. related to this query
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Srirang Mahabhagwat

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Srirang Mahabhagwat (Expert)
13 January 2012 No,

It cannot take unsecured loan from person other than Members, Directors and their relatives.You also cant take loan from a Secretary.
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$rishti Negi

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$rishti Negi (Querist)
16 July 2012 Thanx Srirang
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