Loan given by director son to a pvt company

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tharani sampath (Querist)
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26 September 2011
Can any 1 help me in this,

Director son has given loan to pvt company, now company has decided to pay interest to the party?

Can any 1 plz send me the draft resolution for above asked query.

Thankz in advance

Regards
Tharani

CS Bijoy

CS Bijoy (Expert)
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29 September 2011 Can u please clarify Directors Son or son as director.

tharani sampath

tharani sampath (Querist)
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02 October 2011
Sir,

its 1 of the directors son has given loan..

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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14 October 2011 Yes it can be done till the son does not become a shareholder or director in the company but still he is the relative of the director so all the section connected with relatives will apply

tharani sampath

tharani sampath (Querist)
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18 October 2011 Thank u sir!

Regards
Tharani.s