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Companies Law - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

A Private Company can now accept unsecured loans apart from ...


Private companies can now accept unsecured loans from directors' relatives with a declaration of funds' origin.

September 16, 2015

Notifications     Companies Law

A Private Company can now accept unsecured loans apart from director or even from a relative with simple declaration saying the relative has not borrowed same from others. The relative need not be a shareholder of the company

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