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Loan from a relative of a director


anita (trainee)     06 August 2019

anita
trainee 
 8 likes  445 points

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Can a private limited company accept a loan from a relative of director from their own funds and not borrowed sources?

avater

Aj Style (Student)     06 August 2019

Aj Style
Student 
 10 likes  193 points

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yes pvt com can accept loan from director,s relative upto paid up capital + reserve and surplus

1 Like

anita (trainee)     08 August 2019

anita
trainee 
 8 likes  445 points

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thank you 


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