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Loan given by directors

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(Querist)
21 February 2016 Hi If any loan given by director to a company...what is the interest rate chargeable on lending as per law.
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Pratik Shah

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Pratik Shah (Expert)
22 February 2016 As per Companies Act, 2013, a director can give interest free loan to Company. No need to charge interest on such loan.

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