Reg Unsecured loans from directors

This discussion clarifies the requirement to inform the Registrar of Companies (ROC) about unsecured loans taken from directors. It confirms that such loans need to be intimated to the ROC, typically through filing Form DPT-3. The advice references relevant sections of the Companies Act, 2013, including Section 179(3)(d) regarding borrowing powers and Section 117 concerning the filing of MGT-14, while also noting that director loans are generally not classified as deposits under Rule 2(c)(viii).