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What to do if loan is given by director from borrowed funds

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 March 2015 Sir/Madam,
The director of the company has given the loan to the company from borrowed funds since the beginning.What steps should be taken by the company now other than repayment of the loan?
Please reply ASAP.
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CS JAY GOHIL

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CS JAY GOHIL (Expert)
09 March 2015 there is no way except repayment

one way is that not show that the loan is from borrowed fund - quit risky way

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