unsecured loan from directors
Prerana Loka (CA-Articleship) (30 Points)
22 September 2018
can private company take unsecured loan from directors?
Prerana Loka (CA-Articleship) (30 Points)
22 September 2018
CA Karan Sathe
(CA )
(564 Points)
Replied 22 September 2018
Yes they can . However they can not grant loan/security/guarantee to them subject to section 185 and 186 of the companies act 2013
Sudarshan Sarda
(CHARTERED ACCOUNTANT)
(241 Points)
Replied 22 September 2018
Omprakash Jain
(CA)
(280 Points)
Replied 22 September 2018
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