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Loan from director relative

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(Querist)
26 May 2014 My client ABC Pvt. ltd. has taken loan in september 2013 from director relative.

What would be the impact till March 2014 as per Co Act 1956 and after 1.4.2013 as per new co act 2014.

Also who are the relative as per new co Act
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Yogesh Goel

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Yogesh Goel (Expert)
26 May 2014 for the second half of your query, Sec 2(77) of Co act 2013 and Rule 4 of The Companies (Specification of definitions details) Rules, 2014 may be referred (i.e. for relatives definition).
for first half, m also waiting response of other caclubmembers :)
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