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UNSECURED LOAN TAKEN BY PVT LTD

Co Act 2013 605 views 1 replies
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student
127 Points Posted on 03 May 2023

CAN A PRIVATE LIMITED ACCEPT UNSECURED LOAN FROM DIRECTOR CUM SHAREHOLDER AND PAY INTEREST TO THEM?

IS THERE ANY OTHER RESTRICTION ON THE SAME?

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On 03 May 2023 at 15:37 Report
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Chartered Accountant
1996 Points Posted on 03 May 2023
Hi Dhruv

Pvt can take unsecured loan from director no restriction

however board compliance and ROC DPT form to be filed.

for further discussion
you can write to me at sthayin at gmail
7 Reply
On 03 May 2023 at 19:26


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