My query is that whether a Pvt Ltd Company can give Loan to its Director. If yes, id there any limit or any time frame within which he has to return back the loan.Also the sections applicable to it.
21 April 2012
Yes. A Pvt Ltd Company can give loans to its Directors provided the AOA authorised the same to do to the company. There is no specific provision regarding restriction/limitation of loans to dir in case of Pvt Ltd Co.
CAclubindia
