Loan given by a company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 June 2013
Our company had given a business loan of 300000/- to one of the relative of director and already received an post dated cheque of interest amount.
My question is that can company is authorized to do this act as nothing is provided in articles and MOA.?
My question is that can company is authorized to do this act as nothing is provided in articles and MOA.?
04 June 2013
the company can give loan but keep in mind provision of Deemed Dividend.
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 June 2013
Sir here company had given a loan to third party. Than what should we consider.?
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