Dear Members,
My question : Can An unlisted public company registered as NBFC (non deposit taking NBFC), borrow unsecured loans from Directors and other shareholders. Is section 73 of new copmpanies act is applicable to NBFC ? I read somewhere that section 73 is not applicable to a NBFC. Even few other sections are not applicable to NBFC even if it is registered as private / public company. Please correct me if i am wrong.
CAclubindia
