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Dear Experts, What are the ways by which a Private Company can take loan, whether from directors or shareholders or any other person. Pls elaborate with relevant provisions.

Fund raising

Posted By: Pranay patel 10 year(s) ago

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Anil

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Anil

Private companies can take secured loans only after they have got the prior approval of the shareholders under section 180(1)(c). Private companies can borrow from directors as the same is not covered under deposits. They can borrow from employees as well as the same is not covered under deposits. Also, equity funding is also an option of availing funds fro such companies.

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Anil

1. Secured Loans from Banks and Financial Institutions but Private Companies

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