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(Querist)
13 October 2010 Hello Experts
Sirs
I want to know whether Director as a shareholder can give loan to the Company? If yes then in what proportion. for instance the share of director is 30% and he has given 60% as loan. Is it right or wrong.
Kindly advise. It is urgent

thanks and regards
sanjay
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Ajay Mishra

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Ajay Mishra (Expert)
13 October 2010 Dear Mr. Sanjay


A Company can take loan from its directors, whether he is shareholders of the company or not.

The is no as such restriction of the shareholding of director.



Regards
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