Unsecured loans - pvt. ltd.

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(Querist)
03 January 2012 First of all Happy New Year,

My question is that one of Pvt. Ltd. Company has taken a unsecured loans from other than directors, members or their relatives.

so, please what is the position in the company law and income tax ?

also sir, the company has taken loans in way of account payee cheque
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
03 January 2012 Please follow the link.


https://www.caclubindia.com/experts/loan-acceptance-by-private-company-484255.asp
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PARIMAL DILIPKUMAR GOLWALA

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PARIMAL DILIPKUMAR GOLWALA (Querist)
04 January 2012 sir does not open this link so please get me answer with out link
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