CAN A DIRECTOR TAKE LOAN FROM PRIVATE LIMITED COMPANY ???
IS THERE ANY LIMIT AND IF YES HOW TO CALCULATE ???
Krishna seva das (TAX CONSULTANT) (1070 Points)
26 July 2014CAN A DIRECTOR TAKE LOAN FROM PRIVATE LIMITED COMPANY ???
IS THERE ANY LIMIT AND IF YES HOW TO CALCULATE ???
RoHaN k
(CA & CS)
(308 Points)
Replied 26 July 2014
Yes director can take loan from company but company has to follow provisions of section 185.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961