Loan from directors
This query is : Resolved
Tejash Fafadia
(Querist)
10 February 2016
if a company gives loan to directors, it can be taken as deemed dividend... But what if directors give loan to company...
simply asked, what are legal problems and remedies if directors give loan to a private ltd company ??
thanks for help extended.
simply asked, what are legal problems and remedies if directors give loan to a private ltd company ??
thanks for help extended.
CS Divesh Goyal
(Expert)
12 February 2016
As per Companies Act, 2013 Loan by Director to Company is allowed and it will simple borrowing for the Company.
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