Can a director of the company give a short term loan to it?
3 Replies
theja kumar
(13 Points)
Replied 27 March 2018
actually..there are restrictions in companies act for giving loan to a director...and not on taking from the direction
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 27 March 2018
Pvt companies cannot take loan from third parties but it can get from directors... correct me if I'm wrong
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