Menu
accepting of deposits
A Ltd. has received rs.5 lakh from its promoters as unsecured loan in pursuance of the stipulation of credit facilities from bank. can the company accepts the unsecured loan ? what would be your answer if the company has repaid in full its amount of credit facilities and after such repayments, company continues this unsecured loan ?
Replies (1)
Yes, if the Promoters are Directors and Relative of Directors.
Recent Topics :
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
Related Topics :
CAclubindia
