LOAN TO CO. BY A DIRECTOR
This query is : Resolved
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
16 February 2011
Yes he can do so. However the same should not be given out of borrowed funds.
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