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Loan to director or loan from director

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(Querist)
27 February 2015 1)Can Pvt. Ltd. Company issue loans to its directors.

2)Can a Pvt. Ltd. Company take a loans from its directors.

3)Can the same we adjust against the salary of the director.
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CS JAY GOHIL

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CS JAY GOHIL (Expert)
02 March 2015 loan to director is prohibited except some exemptions

loan from directors is possible

yes it can be adjusted

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