Loan by director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2014
What are the provisions regarding a company take a loan from its director under new companies act? Is there any limit regarding rate of interest ceiling for the same?
23 May 2014
Dear Friend,
There are issues with regard to GRANTING LOANS TO directors. But not from Directors. The limit shall not be above the prevailing bank rate.
This is what my understanding on the issue.
There are issues with regard to GRANTING LOANS TO directors. But not from Directors. The limit shall not be above the prevailing bank rate.
This is what my understanding on the issue.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
