Loan from shareholders/ nbfc
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sunita rana
Apr 3, 2018, 11:50:21 AM4/3/18
to CSMysore
Hello members,
Can a limited company borrow money from shareholders ( if no please mentioned the section/ rule)
Can a limited company borrow money from shareholders ( if no please mentioned the section/ rule)
Also can they borrow money from NBFC
Shweta Gupta
Apr 4, 2018, 1:12:57 AM4/4/18
to CSMysore
Public Limited Company can not take loan from shareholders but if shareholder is Company then in this case loan can be availed, for reference see section 73 and deposit definition under CA 2013.
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