Q & A

1308 Views 3 Ans

Dear Experts, What are the ways by which a Private Company can take loan, whether from directors or shareholders or any other person. Pls elaborate with relevant provisions.

Fund raising

Posted By: Pranay patel 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.

Anil

Comment
Comment (0)

Anil

Private companies can take secured loans only after they have got the prior approval of the shareholders under section 180(1)(c). Private companies can borrow from directors as the same is not covered under deposits. They can borrow from employees as well as the same is not covered under deposits. Also, equity funding is also an option of availing funds fro such companies.

Comment
Comment (0)

Anil

1. Secured Loans from Banks and Financial Institutions but Private Companies

Comment
Comment (0)

Recently Active Member

RAHUL
SELF

Post Your Question

My Q&A

Experts

Ankit Singhi

Deepti Vohra

Popular Tags

DEPOSITS

DISCLOSURES IN MBP-1

Consolidation of accounts

AGM

Preferential basis allotment of shares

PRIVATE PLACEMENT

Amendment of Articles of Association

CLOSURE

Consolidation of Financial Statements and filing to ROC

CSR

View All

Topic

Implementation of new law

View All

Sections

Section 185- Loan to directors, etc.

Section 161- Appointment of additional director, alternate director and nominee director.

Section 205- Functions of the Company Secretary.

Section 3- Formation of company.

Section 173- Meetings of Board.

View All

About Q&A

Q & A is a unique platform to get your answers. You can create questions by topics or sections for easy identification of your query . You get various alerts to keep you connected and can also search your query.

So keep posting and stay connected

Companies Act 2013/1956

Decoding the New Act

Resource Center

My Section

Information Cafe

Calculators

Connect with us on facebook

Connect with us on Linkedin

Follow on Twitter

Payment Options Available

COPYRIGHT NOTICE: All information and material posted in this website (including but not limited to text, audio, video or graphical images), are subject to copyrights owned by Corporate Professionals eSolutions Private Limited, its affiliates and associates. Any reproduction, retransmission, republication, or other use of all or part of this document is expressly prohibited, unless prior permission has been granted by Corporate Professionals eSolutions Private Limited. All other rights reserved.

Scroll