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Companies (Acceptance of Deposits) Second Amendment Rules, 2015 Ministry of Corporate affairs vide its notification dated 15.09.2015 has provided that wef 15.09.2015 a private company can accept unsecured loans apart from director also from a relative of Director provided that relative of director from whom money is received, furnishes to the company ...
Wazzeer Professional Network
ProfessionalCan I take Loan from Director / Director’s relative?
-
Wazzeer Professional Network
ProfessionalCompanies (Acceptance of Deposits) Second Amendment Rules, 2015 Ministry of Corporate affairs vide its notification dated 15.09.2015 has provided that wef 15.09.2015 a private company can accept unsecured loans apart from director also from a relative of Director provided that relative of director from whom money is received, furnishes to the company at the time of giving the money, a declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others and the company shall disclose the details of money so accepted in the Board’s report. The relative need not be a shareholder of the company.
'Get your Wazzeer' to have a Lawyer do the paperwork for you.
over 3 years ago
View answer
Can I take Loan from Director / Director’s relative?
-
Wazzeer Professional Network
ProfessionalCompanies (Acceptance of Deposits) Second Amendment Rules, 2015 Ministry of Corporate affairs vide its notification dated 15.09.2015 has provided that wef 15.09.2015 a private company can accept unsecured loans apart from director also from a relative of Director provided that relative of director from whom money is received, furnishes to the company at the time of giving the money, a declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others and the company shall disclose the details of money so accepted in the Board’s report. The relative need not be a shareholder of the company.
'Get your Wazzeer' to have a Lawyer do the paperwork for you.
over 3 years ago
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