Easy Office
LCI Learning

Unsecured loans from relatives

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 March 2015 I and one of my friend is having a private limited company, we both are directors in the company. We have taken loan from our relatives. Please let me know whether, we have to repay the loan amount before this 31.03.2015.

Please help
Profile Image

CS JAY GOHIL

Profile Image

CS JAY GOHIL (Expert)
19 March 2015 yes you have to repay its compulsary
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
19 March 2015 not compulsory to pay by 31.3.2015 unless the agreement provides a clause for same.
Upgrade to CAclubindia Pro. Subscribe Now!

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 March 2015 Tushar sir,

If not compulsory,please guide when we have to repay.

Regards
Profile Image

CS JAY GOHIL

Profile Image

CS JAY GOHIL (Expert)
29 March 2015 If amount has not been paid it will be treated as deposit . and you have to follow rule of deposit

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links