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Can director cum shareholders give loan to pvt ltd company

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(Querist)
26 February 2019 Please help me to know, i am director cum shareholder of company I just borrowed loan on my property by mortgage but shall I give that money to company to pay tax dues gst dues...
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 February 2019 No, borrowed money cannot be lend to the company in which you are a director.

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