Can a compnay can take loans from private parties or share holders or directors
Can a compnay can take loans from private parties or share holders or directors
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.
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