05 June 2010
1. Loan can be taken from directors only in a public limited company. Interest can be paid as per prevailin market conditions.
2. If loan is taken from partner it will be added to the partners capital a/c and interest allowable is 12% p. a. subject to the mention of the same in the partnership deed.
07 June 2010
My question is regarding the ceiling limit on deposits from shareholders and directors in a closely held public company.Are the limits under category I and Category II interchangeable ?
07 June 2010
My question is regarding the ceiling limit on deposits from shareholders and directors in a closely held public company.Are the limits under category I and Category II interchangeable ?
CAclubindia
