Loan
This query is : Resolved
Amit Verma
(Querist)
27 December 2014
1. COMPANY CAN TAKE LOAN FROM DIRECTORS AND THEIR RELATIVE OR SHAREHOLDERS ?
2. IF DIRECTOR IS ALSO A SHAREHOLDER IN THE SAME COMPANY?
PLEASE GUIDE ME
2. IF DIRECTOR IS ALSO A SHAREHOLDER IN THE SAME COMPANY?
PLEASE GUIDE ME
30 December 2014
first need to check is he designated director first or shareholder... if director first they the company can
Amit Verma
(Querist)
30 December 2014
MY EARLIER QUESTION IS RELATED TO LISTED COMPANY.
HE IS DESIGNATED DIRECTOR & THEN SHAREHOLDERS
HE IS DESIGNATED DIRECTOR & THEN SHAREHOLDERS
31 December 2014
as per new companies act, 2013 there is a provision under section 76. otherwise no company other than banking accept deposit from a person other than director and shareholders
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