Loan frm company

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Ankur (Querist)
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29 February 2012 My query is that if a director of the private limited company takes loan frm company than what documentation should be done..like board resolution or any other paper work should be done.

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29 February 2012 Pass a board resolution mentioning relevant terms and conditions of loan.

Additional you can enter into loan agreement with the director.

If you desire company can take PDC also.

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