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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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.

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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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17269 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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