Directors loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2014
sir,
I am an director of private limited co
can i take loan from my private ltd co and if yes do i have to pay intrest to the company please reply
I am an director of private limited co
can i take loan from my private ltd co and if yes do i have to pay intrest to the company please reply
02 September 2014
pls refer to sec 185 of companies act 2013, which prohibits loan to director with certain restriction. moreover if directors holds more 10% of equity shares than it will be deemed dividend u/s 2 (22) e
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