Unsecured Loans in a Company
This query is : Resolved
Maheswar Reddy Chandra
(Querist)
09 January 2010
My question is whether a private company has to take unsecured loans only from its directors or from outsiders too?
15 January 2010
Deposits can be taken from Directors and Shareholders only. Otherwise, pvt loans can take any other form of unsecured loans from any person.
Maheswar Reddy Chandra
(Querist)
16 January 2010
thank u for ur answer.
Dhirajlal Rambhia
(Expert)
02 July 2023
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