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Loan from director

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

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Ajay Mishra (Expert)
27 February 2012 Hi

Yes a company can take loan from the director of the company and the company management will decide the nature of loan, whether it will secured or unsecured.


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