Receiving loan in cash

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WEST KARAWAL NAGAR DELHI (Querist)
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12 September 2015 is it possible to receive loan from director in cash..can directors give loan to pvt ltd company in cash .

Pratik Shah (Expert)
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14 September 2015 Yes...as of now, there is no restriction in Companies Act 2013. However, the Income Tax Dept. may interfere into this matter.

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