hello frns. i wan 2 know what is the maximum rate of interest on unsecured loan that a public & listed company can pay to the loan giver for period less than 2 months .
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Interest rate on unsecured loan taken by listed company
Replies (1)
In case of Publice Ltd. Co., before giving a Loan, prior approval of the Central Government is required. For taking such approval the copy of agreement, amount to be lended and rate of interest is to be provided.
Once the approval is granted by the Central Government, the Publice Ltd. Co. can give the Loan.
The Rate of Interest shall be decided mutually by the Co. and the borrower provided, the same is agreed by the Central Goverment while granting permission.
Regards,
Devendra Kulkarni
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