director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2011
Can a director obtain loan in his/her name for the company ?
24 February 2011
No. Loan should be obtained in the name of the company. If Director takes loan in his name then he will have to give loan to company and in books of company loan will be recorded in the name of the directors.
So better to take the loan in the name of the company.
So better to take the loan in the name of the company.
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