Loan From Directors
This query is : Resolved
03 May 2011
Dear experts
Pls help on following:-
Can a private ltd. co. can take interest free unsecured loan from its director who is holding substantial share capital of the company.
The amount of loan is approx. 7 to 8 crores.
Regards
Deepak Kakkar
Pls help on following:-
Can a private ltd. co. can take interest free unsecured loan from its director who is holding substantial share capital of the company.
The amount of loan is approx. 7 to 8 crores.
Regards
Deepak Kakkar
03 May 2011
YES, COMPANY TAKE THE INTEREST FREE LOAN FROM DIRECTORS
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