Loan to be availed by Pvt Limited company

    Posted By : CS Shiriti / Published on : 18-Oct-2019 02:20 PM / View : 244 / Comment : 0
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    Dear Professionals,

    A private limited company is looking to buyout a property, where bank is giving loan of 80% of price and remaining 20% has to be given by company.

    Now the company is not having sufficient funds and is looking to take loan from director cum shareholder, loan will be long term loan.

    I want to confirm being a private limited company is there any section which has to be specifically complied?

    As Loan from Director is allowed please clarify whether any Limit of availing loan is specified?

    Please Guide.
    Read more on : company limited availed loan

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