Loan taken by a private limited company
gokul nath (1 Points)
06 January 2020
can a private limited company take loans from other parties, other than related parties
gokul nath (1 Points)
06 January 2020
Chirag
(Professional)
(1979 Points)
Replied 10 January 2020
CS Vishal Mehta
(Self Employed)
(436 Points)
Replied 24 January 2020
Private Limited Company can not take loans from friends or neighbours or other unregistered financers (lenders) of directors or promoters, it can only take loans from the ways as described by Chirag
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