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Loan by directors

This query is : Resolved 
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(Querist)
28 July 2008 IS there any provisions relating to Loan given by directors to the company In Companies Act and Income Tax Act.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
28 July 2008 Loan given by directors are on par with deposits and the relevant deposit Rules will be applicable

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