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    Loan From Share Holders

    Posted By : Sachin / Published on : 20-Jan-2022 02:38 PM / View : 241 / Comment : 0
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    Dear Members,

    A Private company wants to raise funds from few (10-30) individuals.
    Taking loan from them is not an option as it would amount to Accepting Deposits which is prohibited for Pvt Cos.

    I read in few articles that from shareholder is not restricted for a private limited company.
    Whether it is OK to make them shareholders first and then take loan from them? It this understanding OK or not ?

    Please throw some light considering provisions of Companies Act, 2013

    Read more on : holders share loan

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