LOAN TO CO. BY A DIRECTOR
This query is : Resolved
Rajinder Ahuja
(Querist)
16 February 2011
DEAR ALL
PLEASE TELL ME
CAN A DIRECTOR OF A PVT. LTD. CO. CAN GIVE LOAN TO THE CO. AND CHARGE INTEREST
PLEASE TELL ME
CAN A DIRECTOR OF A PVT. LTD. CO. CAN GIVE LOAN TO THE CO. AND CHARGE INTEREST
Aditya Maheshwari
(Expert)
16 February 2011
Yes he can do so. However the same should not be given out of borrowed funds.
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