Acceptance of loan by a pvt ltd from outsiders

can a private ltd company accepts loan from outsider?? plz give reasoning??
Replies (3)
Quick Summary
A private limited company can indeed accept loans from external parties, provided these are considered to be within the ordinary course of business. This implies that the loan must serve a legitimate business purpose and not be a disguised form of investment or personal lending. The key consideration is whether the transaction aligns with the company's operational activities.

Can you elaborate outsiders meaning in your question??

Yes.If it is in the ordinary course of business.
Do you mean that company should be in financing business
Surely for business purpose

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