Unsecured loan in pvt ltd

288 views 5 replies

I need a claficatation I am going to acquire 60% stake for some x amount and the compiney has 2cr unsecured loan 

so that unsecured loan liability come on me or can we keep any Claus at the Aggrement time that unsecured loan liability does not be liable on me 

Replies (5)
it will not come on you
though it is a company your liability is upto the face value of shares which you have already paid
When profits r divided den from my profits the unsecured loan intrest and premium will also be deducted other wise from the old share holders it will get deducted
all share holders ate pari passu (equal )to others
you cannot do anything to that

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