Borrowing power under new companies act 2013

Piyush Sancheti (HEAD TAXATION CHEMICAL MFG CO)   (307 Points)

11 March 2014  

Dear Friends,

if suppose XYZ private ltd company going to take unsecured loan of Rs.50Lacs,

whether any (at Board/EGM)  special or ordinary resolution required to be passed. any other compliances please specify relevant to new companies act 2013