Agnim Engineerz is a trusted fire and safety solutions company providing professional fire protection services for comme...
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◆ Fire Protection Services · Food
G 10, Sector 63, Noida,
Business information
Phone
+919717756445
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Email
pradumcorpzo45@gmail.com
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Website
www.corpzo.com
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Postal code
201301
Address
G 10, Sector 63, Noida,
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About this business
It sounds like the most natural thing in the world, a shareholder lending money to their own company when cash flow gets tight, and technically it is possible.
Before any money actually comes in, a company should check that its Articles of Association permit borrowing; whether the amount proposed, together with existing borrowings, exceeds the limit under Section 180(1)(c) requiring shareholder approval by special resolution; and, if the private company route is followed, whether the exemption conditions mentioned above are really applicable.