Loan from Director
This query is : Resolved
CA S Sundararajan
(Querist)
23 June 2008
Dear Sir,
can a Director(Indian) of the Pvt. Co lend loan to Co. and charge interest.
if answere is yes, what it will be , if the Director is Foreign National or NRI.
Please guide me.
can a Director(Indian) of the Pvt. Co lend loan to Co. and charge interest.
if answere is yes, what it will be , if the Director is Foreign National or NRI.
Please guide me.
CA. Yayati Tyagi
(Expert)
24 June 2008
in case of Indian, yes. in case of NRI, not sure.
Dhirajlal Rambhia
(Expert)
16 June 2023
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