Hello,
- Can a Pvt Ltd company take a loan from the family and friends of its directors?
- What are the formalities required for the same?
- Any templates for the agreements?
Thanks in advance
In case of pvt ltd company, is it necessary to pass special resolution in general meeting while conversion of unsecured loan into equity share capital.
equity
loan
unsecured
conversion
Dear Members,
As per the subject mentioned above, can we convert the Loan received from Directors to equity shares through allotment of rights issue.
If we can do so, what will be the procedure for the same?
Kindly guide me.
Dear All,
Is this possible to waive-off loan by director in pvt com.
Pl. suggest the procedure.
Dear All,
As per PAS 3, under point 4, conversion of loan into equity is taken as 'consideration other than cash'.
Please share your views.
Also will valuation be needed in loan to equity conversion.
As per the subject mentioned above, can we convert the Loan received from Directors to equity shares through allotment of rights issue.
If we can do so, what will be the procedure for the same?
Dear Professionals,
Section 185 ( 2) states that a Company can advance any loan (including Book debt) or give any guarantee or provide any security in connection with any loan taken by
(a) any private company of which any such director is a director or member;
(b) any body corporate at a general meeting of which not less than 25% of the total voting power may be exercised or controlled by
a. any such director, or
b. by two or more such directors, together; or
Query
if Body corporate (LLP) holding less than 25% ( partners of LLP) than the company can provide loan to LLP or not ??
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Is it necessary that loan given by shareholders to another Company is also from owned fund?
company
another
shareholders
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Can a private company take loan from another private company as per provision of Companies Act 2013?
Click here to view / answer Share it onKindly suggest the max limit to accept unsecured loan from members of unlisted public ltd company . whether 10% of PU+ FR+SP or 35% . DPT 1 to be attached to which form while filing with MCA
Please guide whether nominee of ONE PERSON COMPANY can take or give loan to OPC.
Can a limited company pay interest on the loan amount borrowed by its directors? What will the implications be under the Company Act, 2013?
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