Huf as relative of director

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Querist : Anonymous

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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

18 January 2013 Hi


As per Schedule IA to the Companies Act, 1956 which dealing with relatives are not considered HUF as relatives.


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