Business Studies, asked by karruu3279, 11 months ago

If loan is given to a company which is a shareholder then what are the provisions

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Answered by shivjal

1

Answer:

By Private Company A Private Company can accept loan / deposit from any other company and would NOT be deposits under the Companies Act 2013, however, it cannot accept monies from another company (other than its wholly owned holding company) if: The lending company's any director is a director or member of the company.

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