Please Help: Company Law
Posted Date : 31-May-2013 , 12:29:30 pm | Posted By: Priyanka Agrawal
Category :
Corporate Law | Answers :
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Comments :
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Dear experts, My query is... If there is a shareholder (A) and he takes a loan from his friend and A invests this money in his company which is a Pvt. Ltd. Company. Will the company accept this loan under the provisions of Companies Act 1956. |
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Answers:
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 Answer by: Vikash Kumar Jha |
| yes
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| Comments |
| Posted By : Kushal |
11-Jun-2013, 11:17:29 |
| Any loan taken by a private limited company by directors, their relatives and friends could be accepted by the company |
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| Posted By : Himmat Singh |
11-Jun-2013, 02:10:29 |
| In my opinion company should adopt this loan because this transaction between shareholder and company thats why this transaction will be valid. |
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