Recently Ministry of Corporate Affairs issued a Circular regarding the Acceptance of Unsecured Loans apart from Director in New Companies Act 2015.
Borrower of Loan: Company and Private Limited Company
Lender of Loan: Any person (Whether Director of the Company or the relative of the director of the Private Company)
Conditions to be adhered by Lender:
To Download Amendment Circular : Click on Below Link
Download Amendment of Companies (Acceptance of Deposits)