Huf as relative of director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2013
Can a pvt ltd co take loan from HUF where director is member/karta ?
Also Does HUF comes under definition of relative of director ?
Please give reference to section or case law
Also Does HUF comes under definition of relative of director ?
Please give reference to section or case law
Ajay Mishra
(Expert)
18 January 2013
Hi
As per Schedule IA to the Companies Act, 1956 which dealing with relatives are not considered HUF as relatives.
As per Schedule IA to the Companies Act, 1956 which dealing with relatives are not considered HUF as relatives.
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