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Loan from Director

This query is : Resolved 
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(Querist)
23 June 2008 Dear Sir,

can a Director(Indian) of the Pvt. Co lend loan to Co. and charge interest.

if answere is yes, what it will be , if the Director is Foreign National or NRI.

Please guide me.
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
24 June 2008 in case of Indian, yes. in case of NRI, not sure.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
16 June 2023 "Sorry, I am not a featured member."

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