Loan from directors | companies act 2013

Loan from directors:  Yes, within the limits specified in Sec.180(1)(c).  It will not be 'deposit' if the director gives undertaking that it is not provided out of borrowed funds.  Otherwise provisions relating to public  deposit will  apply.

Loan from shareholder:  Yes, within the limits specified in Sec.180(1)(c) read with Sec.73(2) & Rules framed thereunder which provide for conditions which are not practical and  hence companies will tend to avoid.

Resolution for borrowing can be passed only in a Board meeting (and not by circulation) and MGT.14 needs to be filed.

Noted with thanks Sir.