deepika dhakad (chartered accountant) (147 Points)
23 February 20161. Whether a pvt. ltd. Company can accept unsecured loan from any HUF in which director of the Company is a member or Karta ?
2. Whether a pvt. ltd. Company can accept unsecured loan from any HUF in which relative of the director of the Company is a member or Karta?
Plz advise based on Companies Act 2013 with relevant provision/ rule/ section.
Gurprit
(Company Secretary)
(44 Points)
Replied 24 February 2016
company may accept unsecured loan from any HUF subject to the Compliance of Deposit rules as well as Section 180(1) (c) if celings limits exceeds.
if HUF is also a member of the Company then you can refer to exemption given to private companies where a pvt. co. may accept monies not exceeding 100% of the paidup share capital and free reserve from its members.()
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