Interest give to director relative
This query is : Resolved
Umakant Tripathi
(Querist)
14 September 2011
Dear Sir,
I want to know that,we should have give interest director relative if we have taken loan in pvt.Ltd.co.from director relative,
Besides this plz confirm also we can take loan in pvt.Ltd.co.from director relative of Rs.10,00,000/-or above and interest will give or not to him,
Plz suggest me,
Regards,
U.K.TRIPATHI
I want to know that,we should have give interest director relative if we have taken loan in pvt.Ltd.co.from director relative,
Besides this plz confirm also we can take loan in pvt.Ltd.co.from director relative of Rs.10,00,000/-or above and interest will give or not to him,
Plz suggest me,
Regards,
U.K.TRIPATHI
Dintakurthi Tirumala
(Expert)
14 September 2011
You can do so but you have to disclose in the director's report with the details of relation and loan taken and interest paid.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
14 September 2011
You can take loan and pay interest on it to director's relative.
Abhishek Ranjan Singh
ARS Solution
email2ars@gmail.com
+91 9022838615
Abhishek Ranjan Singh
ARS Solution
email2ars@gmail.com
+91 9022838615
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