cpc

unsecured loans in unlited limited co


Sir

 

Please guide me.

 

an unlisted limited company having c/f loss of 19 lacs . authorized capital  or paid up capital 75 lacs and take unsecured loans from member,director and others individual of rs . 2 crore.. so it is violation of section 58A

 

furhter limited company has no any secured loans.  company require to file lieu of prospectus ? furhter is there any violation of law.. i.e. unsecured loans from others and memebrs.

 

company can take unsecured loan without filing of prospectus ?

company can take any amount of loans ... furhter company doing business as share broker, portfolio manager.

 

please reply as soon.

 
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