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Acceptance of loan by a pvt ltd from outsiders

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ACOUNTANT
33 Points Posted on 01 March 2020
can a private ltd company accepts loan from outsider?? plz give reasoning??
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On 01 March 2020 at 15:52 Report
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CFO- at NHTF
58280 Points Posted on 01 March 2020
Can you elaborate outsiders meaning in your question??

Yes.If it is in the ordinary course of business.
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On 01 March 2020 at 18:33
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ACOUNTANT
33 Points Posted on 01 March 2020
Do you mean that company should be in financing business
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On 01 March 2020 at 19:25
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17264 Points Posted on 02 March 2020
Surely for business purpose
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On 02 March 2020 at 00:36


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