LOAN RECIEVED FROM SHAREHOLDER

[Komal Agarwal]

Dear All,

Can a Private Company take loan from a shareholder or a promoter?

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Thanks & Regards

Komal Agarwal

Practicing Company Secretary

Kolkata (WB)

Mb: 9933670311

[CA HEMANTH KUMAR OR]

Yes

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Regards,
CA HEMANTH KUMAR OR,

PARTNER | ICHR & ASSOCIATES,

Chartered Accountants || Malleshwaram || Bengaluru.

Mob No : +91 80501 04971

"We don't know the word 'quit'. Either we never did, or we have abolished it".

 

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[nidhi goel]

No such prohibition. Please comply with the provisions of Sec 179 and 180 of The Companies Act, 2013. 

Thanks!

On Wed, Jul 17, 2024 at 12:26 PM Komal Agarwal <agarwal.k...@gmail.com> wrote:

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Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
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Thanks & Regards

Nidhi Goel

Company Secretary.

[CS Priya Nandwana]

Yes, Company can take a loan from its shareholders, and the Loan from the shareholder will come under the Deposits.

Yes, companies can take loans from Promoters and this will come under the definition of exempted deposits.

On Wed, Jul 17, 2024 at 12:26 PM Komal Agarwal <agarwal.k...@gmail.com> wrote:

[Aanchal Chopra]

1. Yes, Loan from Shareholders will be considered as a Deposit

2. Yes, Loan from Promoters will be covered under the category of exempted deposits

regards

CS Aanchal Chopra 

On Wed, Jul 17, 2024 at 12:26 PM Komal Agarwal <agarwal.k...@gmail.com> wrote: