Can a private limited company give loan to public from its own fund ?
Menu
Loan given by a private ltd. com
Replies (2)
Hi Sanjay,
As per section 3 of the companies act, 1956 sucha transaction is prohibited.
Rgds, Ronak
can you quote the exact section sanjay ji
because as far as i know company cannot have public deposits from public.
If its MOA,s objects clause contain a provision that it can lend loans to public i think it can, is there any provision prohibiting the same.
please let me know
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
