Unsecured loand from friends
This query is : Resolved
V.S.Murthy
(Querist)
25 September 2012
I am running a proprietorship firm dealing with Vehicle Hire-Purchase/Hypothecation business.Can I borrow unsecured loan from my friends. If so is there any ceiling on that.
Advance Thanks
Advance Thanks
CA Navin Jain
(Expert)
25 September 2012
yes you can received unsecured loan from friend without any limit but condition is loan should be taken through a/c payee cheque.
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