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treatment of personal loan of directors

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(Querist)
12 January 2009 If the directors of the Private Limited Company at the time of starting the Company, taken personal loans for the purpose of starting the company. How should it be treated in Accounts of the company?
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CA. Amit Daga

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CA. Amit Daga (Expert)
28 November 2009 Please check section 295 of the companies act

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