AMIT KUMAR SINGH (22 Points)
25 May 2017
Shashikant Sharma
(Company Secretary )
(1253 Points)
Replied 25 May 2017
Directors and relative of directors of a private company can give loan to a private limited in which he is a director. However, the director shall give a decleration that the money which he has given by way of loan is from his own sources and not borrowed from any other person.
vt2rbi
(self)
(59 Points)
Replied 05 June 2017
Is there a limit to how much loan a director can give to the company, if the sources of funds are directors own funds?
AMIT KUMAR SINGH
(22 Points)
Replied 06 June 2017
CAclubindia
