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Loan

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(Querist)
18 April 2012 hi,
whether any loan agreements required for a private ltd. co. while taking loan from its directors, share holders or another private co. having shares in the said co. ??

Pls justify your answer...
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CA CKP

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CA CKP (Expert)
18 April 2012 There is no such kind of requirement in the companies act
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akhil joseph

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akhil joseph (Querist)
20 April 2012 ratification in the board minutes is enough for that?
with regard to the repayment and interest, is there any provisions in the companies act?
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