Hi,
Can a public limited company accept unsecured loan from an individual. the loan would bear an interest of 12 pc
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Loan - Public Company
Replies (3)
yes company taken the loan form individual but before taken the loan all prosedure must be done
Hi,
Can u please elaborate on the procedure to be followed....
Hey,
Public company can accept it in form of deposits but it should not exceed 10% of aggregate of paid - up capial & free reserves and the interest rate shud not exceed 12.5 % and it has to comply wid Acceptance of Deposits Rules, 1997 (latest Amended)
M attachin it for ur ready go thru it n if u hav ne doubts den do let me know?
Regards
Mansi N.Gadoya
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