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Q. > Please Help: Company Law
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.
1 Answers
answered Jul 01, 2013 by Vikash Kumar Jha , Cuttack
yes
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Comments
himmat singh
11-Jun-2013 , 02:10:29 pmIn my opinion company should adopt this loan because this transaction between shareholder and company thats why this transaction will be valid.
Kushal
11-Jun-2013 , 11:17:29 pmAny loan taken by a private limited company by directors, their relatives and friends could be accepted by the company