Can Private limited compnay takes unsecured loan from Directors relitave.
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Unsecured loan
Replies (1)
Dear Vaishno,
Yes Pvt. Ltd Company can take loan from Directors relative, it is not covered by Section 58A.
Further more answer to your query by other experts can be viewed on the following link:
/forum/unsecured-loan-from-directors-and-shareholders-86100.asp
Hope this will solve your query.
Regards,
CS Samiksha Kansara
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