loan from directors,any person
This query is : Resolved
30 July 2010
Dear all,
Please tell me whether there is any limit for a private limited company to accept a loan from a director,shareholder/friends
Thanks & Regards
Nagamani
Please tell me whether there is any limit for a private limited company to accept a loan from a director,shareholder/friends
Thanks & Regards
Nagamani
30 July 2010
NO.
Message likes :
1 times
30 July 2010
The director / shareholder concerned however has to furnish a declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting from others. This could be the limit.
Loan from friends should not be taken.
Loan from friends should not be taken.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- TDS Claim year
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- CCFS 2026 Schemed
- Entries in AIS regarding sale of units and shares
- Lease agreement and tax on sale
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Sales amount in Gstr1
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Suggestions required for income tax filing-software (FY 2025-26)
- Tax liability on income of freelancer
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
