Funds from director

This query is : Resolved

Deepa Singh (Querist)
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31 March 2018 Dear Experts,

In a Public Limited Company, one of the director have given funds from his personal account and some fund from his OPC.
1. What will be the procedure to cope up with these transaction?
2. Will it be taken as a Loan from Director? and what effect will be there on OPC, as the amount has been transfer from that account.

RAJA P M

RAJA P M (Expert)
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31 March 2018 No more effects... It's treated as Loan....

Deepa Singh

Deepa Singh (Querist)
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31 March 2018 Thank you Sir, for your response.
the transaction will be taken as a Loan from Director.
Now as the amount has also been taken from OPC, are there any requirement to be fulfilled from the OPC part?

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