Dear All,
Please advise whether private company can take loan from any financial institution by keeping investments of director's wife/son as a security, who is also shareholder of the company.
Thanks
Menu
Loan
Replies (2)
Dear Sagar,
What do you mean by Investments, does it mean shares, if yes, Company can place it as security with bank and avail credit facility, what is prohited giving of loan to related parties.
Thanks a lot.
Recent Topic
- Itr schema a.y 26-27 v/s form no.16
- Advance Tax for senior citizen with small speculat
- Zero income tax on Capital Gain on sale of house p
- Rental income calculation for 12months
- PF Withdrawal before completing 5 years
- Discrepancy in "Processed By Source" and
- Dilemma of Indian Dependant Housewives
- TDS console file not open in RPU 1.1
- ITR 3: BFLA schedule not correct
- Dividend on foreign stocks in ITR2
Related Topics
CAclubindia
