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Loan related..

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(Querist)
28 August 2014 Dear expert,

If a co. takes a loan of Rs 10 crores, there are 11 directors..can each of the directors pay the emi equally or else pvt ltd co have to pay.. ?
Pls suggest..
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
28 August 2014 Abhishek company is seprate legal entity
if.company took the loan.then company will repay it not directors.

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