Restrictions and Authorisation of Private Limited Companies which is registered under Companies Act, 2013 or any other Previous Act.
"The road to success and the road to failure are almost exactly the same." - Colin R. Davis Restrictions and Authorisation of Private Limited Companies which is registered under Companies Act, 2013 or any other Previous Act. Provisions of Loan To/From Private Limited Company Loans to Private Limited Company: There are 3 categories of loans have been prescribed under the Companies Act, 2013. 1. Loans which can be accepted eg. Loan from Directors, Loan from any other company, banking institutions etc. 2. Loans which can be accepted subject to complying with Deposit Rules, The Deposit Rules are very complicated, demand a lot of compliance and practically difficult to be followed. If these rules are followed, the company can take loan from members etc. 3. Loans which can not be accepted eg. Private Company cannot accept loans from any Partnership Firm, HUF etc Below, the provisions of Act have been stated in a more structured manner.