Private Company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2011
MrX, director in ABC pvt.ltd. & receive remuneration from the company.My question is that can he grant loans & advance to the company during the year or not. If not why?
15 February 2011
There is no bar in the Companies Act a director receving remuneration from a company cannot grant loans/advances to the Company
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