Is there any limit of amount for private company to take loan from its member?Click here to view / answer Share it on
Are there any exemptions or relaxations provided under the Companies Act 2013 for small or startups companies regarding loans and borrowings?
Can a company provide loans or guarantees to entities outside its group under the Companies Act 2013?Click here to view / answer Share it on
What is the maximum limit of inter-corporate loans that can be provided under the Companies Act 2013?
In a startup Pvt. Ltd. Company Director is being provide loans wef 01/06/2022 to the company as per requirement in the company mainly for paying salary, till date she has given Rs. 1.80 Cr. Now she wants to convert this loan into equity at current valuation of the company (that comes Rs. 48000/+ as per DCF). So far MGT -14 is not filled for this Loan conversion into equity as required under section 62(3). Pls suggest what to do in this case. As for allotment PAS 3 is required to be filled and in PAS -3 reference of MGT -14 is also requiredClick here to view / answer Share it on
As per section 185 of the Companies Act 2013, no company can give loan or
Guarantee in respect of loan to director or any other person in which such
director is interested. Can a company give corporate guarantee or offer
security in respect of any loan taken by its subsidiary/company in which
director is interested/ where management is common from the Bank?
Can the Company or its group companies provide loans to employees for
acquiring shares under ESOP?
The Securities and Exchange Board of India has a department for cases related to the diversion of funds, resources, and bank loans by promoters of a company. What is the name of that department?
On what condition Nidhi Company can provide a loan to its members?
Can a private limited company accept a interest-free loan from the director?
A Company can give loans and guarantees, acquire securities or make investments in another company or body corporate with the consent of the board or shareholders. Such loans given by a company to other companies or body corporates are known as inter-corporate loans. When a company invests in another company, it is known as inter-corporat.
Please confirm company can take unsecured loan from the directors and there relatives with zero rate of interest right ?
But while accepting deposit from directors, they must give a declaration to the company that the amount is their own money and not borrowed.
Please confirm if anything else need to be done ?
DPT-3 also need to be filed ?
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