Is there a limit to the unsecured loans that can be raised from directors in a private company? This loan is the sole financing of the company. These directors are not shown as shares of shareholders as the owner of the company wants to retain holding with minimal contribution towards it
Paid up capital is 200000 with the owner having 80% shares.
Finance is raised from outside investors in the form of unsecured loans from directors Rs. 2 crore
CAclubindia
