269ss & 269t

IT IS IN TOTAL

MEANS TOTAL LOANS AT ANY TIME SHOULD NEVER EXCEEDS RS. 20,000/-

IF YOU WANT TO GET LOAN OF RS, 15000/- U CAN RAISE LOAN IN CASH BUT IS U FURTHER WANT TO RAISE LOAN FROM THE SAME PERSON BY RS, 10,000/- U CAN RAISE ONLY THROUGH CHARQUE AND NOT IN CASH AS THE LIMIT OF RS. 20,000/- WILL GET EXCEEDS

SAME IS ALSO APPLICABLE TO LOAN FROM DIRECTORS ALSO

And if a Company has taken loans in cash from 3-4 people of Rs.15000 each, then that is not a problem, correct?

NO PROBLEM