Can a Pvt ltd Company accept an unsecured loan from third party as per provisions of Co. Act 2013.?
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Unsecured loan from third party co. act 2013
Replies (5)
No, It can accept loan from directors as per section 73 and inter corporate deposit as per Section 186 of companies act, 2013
No, it cannot accept deposit or loan from any party other than those mentioned in Rule 2(c) of Companies (Acceptance of Deposits) Rules 2014.
But, isint there a provision in Chapter V which says thats it can accept the loans in case of Short term requirement of funds?
I read an article in which it is written that Co. cannot accept deposits from public except in accordance with Chapter V.... then what does Chapter V exactly say?
Very confusing for SMEs. We arranged UL from our relatives( i m director ).Now the CA 2013 asking us to return the UL.
How will we sustain then?
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