A company can accept from its directors in form of unsecured loan without any limit. However, the direcor has to give a decleration that the money is from his own sources and not borrowed.
In case of shareholders limit is equal to paid-up share capital and free reserve.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
