sir,
can a pvt ltd. co. give loan to the whole time director, who holds more than 50% shares of the company.
if yes, then on what interest.
if yes, then up to what extent of the share value.
please guide.
Pvt Company can provide loan, provided business of such company is Providing Loan in ordinary course of business
- Rate of Int shall not be less than the prevailing yield Closest to tenure of Government security
CAclubindia
