Is there any format for declaration for loan from director to a company?
Can declaration be taken prior to giving loan, if yes wil the declaration state.. I shall be lending the money?
Is date and place necessary in such declaration ?
4 Replies
Anoop srivastava
(223 Points)
Replied 21 July 2021
No specific format required.. Only have to mention that the loan given is out of the saving and income earned and not by taking loan from others
CS Divesh Goyal
(Practicing Compnay Secretary)
(50535 Points)
Replied 22 July 2021
Just 2 liner declaration that, This money is from his own fund.
CS Divesh Goyal
(Practicing Compnay Secretary)
(50535 Points)
Replied 23 July 2021
1. Declaration shall be given before giving loan.
CS Divesh Goyal
(Practicing Compnay Secretary)
(50535 Points)
Replied 23 July 2021
2. Practically date should be there on declaration.
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