Loan from Director interest free
Shefali Gupta (104 Points)
01 July 2022
Can director give interest free loan in private company where there is no repayment terms ?
2 Replies
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 01 July 2022
Yes directors can give such kind of loan, provided your company is covered under the exemption notification issued in this regards
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