Unsecured loan from director under companies act, 2013

Damandeep Singh (Student) (1062 Points)

06 July 2016  

Dear Members,

There is a Private limited company having authorized share capital of Rs. 15 lakhs incorporated on 21.09.2015. Can it accept unsecured loan from director who is also major shareholder in the company and is there any RoC compliance for the same ??


Pls guide.