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Personal loan by director

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(Querist)
17 January 2014 CAN A DIRECTOR TAKE PERSONAL LOAN BY PLEDGING COMPANY'S PROPERTY?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 January 2014 normally it works the other way around!!! the director's property is pledged for company's loans!!

can it be done, I believe it would very difficult under the new companies act 2013.

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