I would be glad if you could answer these queries for me:
- Can a Pvt Ltd accept loan from individuals who are neither directors or shareholders or their relatives?
- Can a Pvt Ltd accept loan from members? If yes, then
- Does the loan need to be notified to ROC?
- What is the limit of loan that can be accepted?
- Can interest free loan be given? If not, then what is the minimum rate of interest?
- What is the formalities to be kept in mind while taking such loans? Eg. Board resolution, filing with ROC, disclosures etc.
I will be glad if you could quote sections/notifications as well. So that I can refer them for better understanding. Thanks.