unsecured loan from directors

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can private company take unsecured loan from directors?
Replies (3)

Yes they can . However they can not grant loan/security/guarantee to them subject to section 185 and 186 of the companies act 2013

Originally posted by : Prerana Loka
can private company take unsecured loan from directors?

 

YES

yes. the co can accept loans from dir n relatives.


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