Deposits by director to company
This query is : Resolved
30 May 2019
Can a director of pvt co. give interest free loan to company ?
30 May 2019
Amounts received from directors are loans and not deposits if the directors give the amount out of his
own sources and not borrowed funds and give a certificate to that effect to the company. In such a case
a company may accept loans from directors without interest too
own sources and not borrowed funds and give a certificate to that effect to the company. In such a case
a company may accept loans from directors without interest too
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31 May 2019
THANK U SIR FOR REPLY.
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