Easy Office
LCI Learning

Loan frm company

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 February 2012 Can Director take loan from the company if yes than what is the treatment in the books.
Profile Image

Ashish Gaggar

Profile Image

Ashish Gaggar (Expert)
27 February 2012 Yes, in case of Private Limited Company providing Loan to Director is possible , since Section 295 is not applicable to Private Limited Company.

In case of a Public Limited Company as per Section 295 it requires Central Government Approval
Profile Image

Jiten Gupta

Profile Image

Jiten Gupta (Expert)
28 February 2012 Yes, under pvt ltd company there is no restriction. In case of public company follow procedure given U/S 295 of companies Act 1956.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links