Loan to Shareholders

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Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2010 Can we give loans to shareholders?whether deemed dividend will apply?

Aditya Maheshwari (Expert)
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03 July 2010 If the shareholder holds more than 10% in the company then the provisions of deemed dividend will be applicable.

Ankur Garg (Expert)
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03 July 2010 As per my understanding avoid such practice...or check the object clause of your MOA.

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