Pvt co-Can directors give loans to company in cash? if so under what section of companies act pls suggest.
Partnership Firm - Can partners bring in cash as capital contributions at any point of time in a year?. pls suggest
ravi (senior accountant) (507 Points)
20 June 2011Pvt co-Can directors give loans to company in cash? if so under what section of companies act pls suggest.
Partnership Firm - Can partners bring in cash as capital contributions at any point of time in a year?. pls suggest
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 20 June 2011
yes a director can give a loan in cash to the company- no provision is made for it
in partnership firm yes, a partner can bring cash any point of time
CAclubindia
