Can a public limited company get a loan from its directors/ promoters and promoter group?
if yes can anyone help me on the procedures?
Menu
Loan from the directors
Replies (3)
yes...loan from directors is allowed..refer to section 295 for further more information..
Yes. It is quasi equity. No such formal procedure.
Yes a Public Ltd. can take loan from Directors and there is no formal procedure for this. Sec. 295 belongs to giving loan, guarantee/ Security by public ltd co. to its Director not vice-versa.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
