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unsecured loan from directors

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CA-Articleship
30 Points Joined May 2014
can private company take unsecured loan from directors?
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On 22 September 2018 at 12:58 Report
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CA
564 Points Joined October 2009

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

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On 22 September 2018 at 13:32
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CHARTERED ACCOUNTANT
241 Points Joined March 2013
Originally posted by : Prerana Loka
can private company take unsecured loan from directors?

 

YES

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On 22 September 2018 at 13:34
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CA
280 Points Joined April 2008
yes. the co can accept loans from dir n relatives.
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On 22 September 2018 at 17:56

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