Interest on loan paid to directors of pvt ltd co.
This query is : Resolved
praveen reddy
(Querist)
17 September 2012
Company 'x' pvt limited has paid up capital of 1lacs and the directors of the compaany have lent Rs. 15lacs to the company. Now will Section 314 be applicable when the company pays interest on such loan. Assuming that the interest being the rate prevailing in the market.?
CA Ayush Agarwal
(Expert)
17 September 2012
No, Company Can Take Loan from Directors.
If Interest rate at Prevailing Market rate Then 314 Will not Get attract.
If Interest rate at Prevailing Market rate Then 314 Will not Get attract.
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praveen reddy
(Querist)
20 September 2012
Should any form be filed with the ROC for paying remuneration to such directors.
praveen reddy
(Querist)
21 September 2012
Ayush
Should a pvt limited paying remuneration to directors file any form with the ROC. If yes, What if der is a delay?
Should a pvt limited paying remuneration to directors file any form with the ROC. If yes, What if der is a delay?
CA Ayush Agarwal
(Expert)
21 September 2012
no such filling.
only reporting in audited report
only reporting in audited report
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