company Law
This query is : Resolved
06 November 2009
Whether one of the director in a private Limited company can invest additional amount in the company and enter into an agreement with the other directors of the company guarantying the return of the investment in case of winding up of the said company .
If he can do, under which provision he can ?
Email:bharteesh08@gmail.com
If he can do, under which provision he can ?
Email:bharteesh08@gmail.com
Ankur Garg
(Expert)
06 November 2009
A director can provide financial assistance by way of loan to his private company as the same is exempt from Deposit Rules, 1975. In this case he would be entitled to interest at normal rate.
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