Loan

This query is : Resolved 

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...


18 April 2012 There is no such kind of requirement in the companies act

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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