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Can Private Limited Company take Loan from Public?

Can Private Limited Company take Loan from Public?

The Companies Act, 2013 as well as the set of laws laid by the Reserve Bank of India impedes the approval of deposit in case of a Private Limited Company. As per the Companies Act, 2019, only banking companies, non-banking monetary companies, housing finance company, as well as company enumerated by the Central Government, are permitted to acknowledge invitation, recognize or …

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