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Loans from directors

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(Querist)
12 February 2016 Good afternoon respected experts,

I want to know that can a director give loan to company in cash i.e. monthly 15000 to 19000.

Please advise.
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RAJESH KUMAR KHANDELWAL

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RAJESH KUMAR KHANDELWAL (Expert)
12 February 2016 No. Kindly refer provision under Companies Act 2013 and Income Tax Act 1961. See Section 269SS & 269T of Income Tax Act

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