https://www.taxtmi.com/article/detailed?id=5553 Companies may accept loans only in compliance with the deposit regime unless specifically exempted: director loans are excluded if accompanied by a declaration that funds are not borrowed, and loans from other companies are excluded subject to corporate law limits. Aggregate borrowings exceeding paid up share capital plus free reserves require shareholder approval by special resolution, while temporary loans repayable on demand or within six months are excluded. Companies are prohibited from advancing loans, guarantees or securities to directors or persons in whom directors are interested, and statutory lending caps apply to loans to other persons, breach of which requires special resolution. en-us Fri, 04 Apr 2014 18:36:17 +0530 Fri, 04 Apr 2014 18:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5553 Companies may accept loans only in compliance with the deposit regime unless specifically exempted: director loans are excluded if accompanied by a declaration that funds are not borrowed, and loans from other companies are excluded subject to corporate law limits. Aggregate borrowings exceeding paid up share capital plus free reserves require shareholder approval by special resolution, while temporary loans repayable on demand or within six months are excluded. Companies are prohibited from advancing loans, guarantees or securities to directors or persons in whom directors are interested, and statutory lending caps apply to loans to other persons, breach of which requires special resolution. Articles Corporate Laws / IBC / SEBI Fri, 04 Apr 2014 18:36:17 +0530 https://www.taxtmi.com/article/detailed?id=5553