Unsecured loan from director in cash

Co Act 2013 292 views 2 replies
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Business
52 Points Joined September 2016

Dear All,

                  Kindly help me to get answer to the following question.

What is the maximum amount of unsecured loan can a company take from its Director in CASH.

 And if the company is an One Person Company (OPC) then  What is the maximum amount of unsecured loan can a company take from its only Director in CASH.

Thank you all.

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On 10 September 2016 at 15:49 Report
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Registered independent director Past Ch
8229 Points Joined March 2007

Rs.20,000/- [Refer Section 269SS of Income Tax Act 1961]

 

1 Reply
On 13 September 2016 at 14:37
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Business
52 Points Joined September 2016

Dear Agarwalji,

                          Thank you very much for your kind reply. 

 

 

 

 

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On 13 September 2016 at 17:10


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