UNDER NEW COMPANIES ACT 2013.HOW CAN A PRIAVTE LIMITED COMPANY TAKE LOAN FRM PRIVATE INDUIVUAL /HUF FOR BUSINESS ACTIVITIES. WHAT ARE RULES.REGULATION..
NARENDRA
Menu
Loan by pvt ltd comapnies
Replies (2)
No, private company can take a loan from an individual only if he is a director (that too, not out of borrowed funds) or if it is part of promoters' contribution as per Bank's stipulation.
A private company can take loan only from directors and ICD's.
Recent Topics :
- One time commission filing in ITR2
- 600128 HSN rate
- Social Security benefit from US by resident
- E-way notices
- Itr form for Salary income, Interest, Dividend And
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
Related Topics :
CAclubindia
