A private limited company wants to take unsecured Loan from shareholders. Now whether is it allowed to take the same from them? If we take the same will it be prohibited under section 73 of the companies act, 2013 and rules made thereunder.
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Unsecured loan from shareholders will be treated as deposit?
Replies (1)
Yes... You can get it as "UNSECURED LOAN". But, Can't treat it as Deposit.
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