Dear Professional Colleagues,
As per CA 13, co cannot accept deposits or unsecured loans from other than Directors, but if a company has taken loans from its shareholders or relatives and filed DPT 4 for the same but not in a position to repay the amount before 31st March 15, then is there any option available?
Kindly guide in this matter.
Thanks in advance
Purvi Kakani
Great to meet you sir, your post over Repayment on secure loan really great
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