Interest on Loan from Directors.
This query is : Resolved
09 February 2011
I work for a private concern. Its a start up and our director and promoter has given loan to the company. Now we want to pay it back. Can we pay the Interest on the total amount. Is there specific process involved in repayment of loan.
09 February 2011
No Specific Process involved. Just pay the loan amount along with interest.
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