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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

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 - TMI Updates - Highlights .....

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