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Loan from director

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(Querist)
23 September 2015 loan taken from director before co act 2013. what to do now?? whether to pay back or any compliance need to be done.
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Pratik Shah

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Pratik Shah (Expert)
24 September 2015 Loan taken from Director has been exempted under Companies Act 2013.

Just for safer side, take a declaration from such Director as per Deposit rules.
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