Declaration for loan fron directors

Priya (Professional) (117 Points)

21 July 2021

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 ?

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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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