Can a compnay can take loans from private parties or share holders or directors
Menu
loan to company
Replies (4)
As per Section 58A read with Section 372 A:
Private Companies can accept loan from its shareholders, Directors and Corporate Bodies.
Public Companies can accept loan from its Directors and Corporate Bodies only and not from member.
A company can obtain loan from private limited company but one has to analyse whether sec 2(22)(e) would be attracted since the payment / loan is given by private company.
can a private company accept loan from its director and if yes thn to wht extent and if the company is registered in UK thn can it accept loan from its director (in cse of PUC and PLC ) and wht regulation are to be applied
A Private limited company registered in India can accept deposit from Directors without any limit.
As regards a company registered un UK, I am not aware.
Recent Topic
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
Related Topics
CAclubindia
