Menu
amount borrowed by private company
is private company borrow funds from a stranger (out siders)
Replies (3)
Yes, why not. A private company can do it.
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
mention that section which says amount borrowed from an outsider (stranger)
Recent Threads
- Error in gstr1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
Related Threads
CAclubindia
