Easy Office
LCI Learning

Loan from director by public limited company

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 May 2016 can a public limited co can take loan from its directors or its relatives and what about loans taken before company act 2013.
Profile Image

CS Sanchita Bhardwaj

Profile Image

CS Sanchita Bhardwaj (Expert)
17 May 2016 A public Limited Company can take loan from director subject to declaration from the Director under Deposit rules (read rule 2(1)(viii) with notification issued on Sep 15, 2015). Loan from relative from Directors is however not allowed.

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