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Interest on unsecured loan

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(Querist)
20 September 2016 Director of a Pvt. Ltd. has given unsecured loan to the Company out of own fund , but Company is giving him interest at par with Bank Rate , whether it is Related Party Transaction ?
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Pratik Shah

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Pratik Shah (Expert)
20 September 2016 Loan from Director does not fall under the purview of Section 188 of Companies Act, 2013

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