Please Help: Company Law
Posted Date : 31-May-2013 , 12:29:30 pm | Posted By Priyanka Agrawal
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.
Category : Corporate Law | Answers : 1 | Comments : 2 | Hits : 166
Answers
Answer By: Vikash Kumar Jha
yes
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