amount borrowed by private company



is private company borrow funds from a stranger (out siders)
 
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FINANCE OFFICER

Yes, why not. A private company can do it.
 
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A private Company cannot accept the deposit from the third party or the stranger as it would fall under the definition of deposit as per section 2(31) of the Companies Act 2013. But a private Company can accept the deposit from the other companies subject to the compliance of section 180 of the Companies Act 2013

 
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mention that section which says amount borrowed from an outsider (stranger)
 
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