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.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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